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Post by bot on Jan 10, 2013 6:06:47 GMT -5
Japan stocks rise as yen hits new multi-year lows from MarketWatch.com - MarketPulse LOS ANGELES (MarketWatch) -- Japanese stocks opened higher Thursday after a turnaround in the U.S. dollar sent the yen to fresh 2-1/2 year lows, spurring buying in Japan exporter shares. In early moves, the Nikkei Stock Average rose 0.6% to 10,638.97, with the Topix also adding 0.6%. With the dollar solidly back above the ¥88 level, stock gains included a 1.6% advance for Sony Corp. , 2.1% gains for Sharp Corp. and NEC Corp. , a 1.6% rise for Toyota Motor Corp. and Bridgestone Corp. , and a 4.5% leap for Mazda Motor Corp. . Shares of Isuzu Motors Ltd. rallied 4.2% after a Nikkei news report that it plans to rekindle a tie-up with General Motors Co. , with the two to join in pick-up truck operations. Their combined global market share would total some 25%, the report said. Steel mills rebounded, with JFE Holdings Inc. adding 2.3% and Kobe Steel Ltd. up 2.9%. Brewers were among the decliners, with Asahi Group Holdings Ltd. losing 2.1%, Sapporo Holdings Ltd. down 1%, and Kirin Holdings Co. lower by 0.6%
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