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Post by bot on Apr 17, 2012 20:09:02 GMT -5
Japan stocks zoom higher in early trade from MarketWatch.com - MarketPulse LOS ANGELES (MarketWatch) -- Japanese stocks rocketed higher in early Wednesday trading, as U.S. gains, a weaker yen and a rise in commodity prices pushed the Nikkei Stock Average up 1.6% to 9,618.83 and the Topix higher by 1.7%. A successful Spanish bond auction helped send Wall Street stocks higher overnight, with techs leading the action. This, along with the dollar's return above the 81-yen level, sent tech exporters up, with Advantest Corp. adding 2.4%, Hitachi Ltd. gaining 3%, and Canon Inc. rising 2.6%. The improved view on Europe powered many financials, as Nomura Holdings Inc. advanced 3.2%, Mitsubishi UFJ Financial Group Inc. improved by 2.9%, and Daiwa Securities Group Inc. rose 3.6%. Honda Motor Co. was among the best-performing car makers in the early going, rising 3.1% after a Nikkei news report saying the company will begin recycling some rare-earth metals from hybrid car batteries.
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