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Post by bot on Jan 7, 2013 9:48:49 GMT -5
Japan stocks add to gains, with auto shares up from MarketWatch.com - MarketPulse LOS ANGELES (MarketWatch) -- Japanese stocks on Monday added modestly to their rally the previous week, with auto shares and select exporters rising after the dollar topped the 88-yen level Friday. The Nikkei Stock Average added 0.3% to 10,717.87, though off its opening high, while the broader Topix outperformed the blue chips with a 0.5% gain. Among the top car makers, Nissan Motor Co. rose 2.9%, Mazda Motor Corp. gained 2.7%, Honda Motor Co. added 1.5%, and Toyota Motor Corp. traded 1.3%, showing little apparent reaction to a Nikkei news report that the auto giant had no plans to build new factories over the next three years but would instead invest in existing plants. Some industrials also saw a strong advance, with Hitachi Ltd. improving by 1.2%, Komatsu Ltd. rising 2.5%, and Shin-Etsu Chemical Co. ahead by 1%. Among mobile-phone service providers, NTT DoCoMo Inc. rose 0.3%, while KDDI Corp. retreated by 0.3%, with a separate Nikkei report saying the two would soon start offering some of their smartphone content via television. Competing wireless firm Softbank Corp. saw its shares fall 2.4% in early moves.
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