|
Post by bot on Jan 16, 2013 21:14:14 GMT -5
Japan stocks rise with exporters up, airlines down from MarketWatch.com - MarketPulse LOS ANGELES (MarketWatch) -- Japanese stock markets opened higher Thursday, paring some of their losses in the previous session as the dollar regained ground against the yen overnight, boosting the fortunes of exporter shares. The Nikkei Stock Average rose 0.6% to 10,660.81, paring its 2.6% loss Wednesday, while the Topix also advanced 0.6%, as blue-chip exporters gained ground. Sony Corp. and NEC Corp. rallied 2.5% apiece, Panasonic Corp. and Mazda Motor Corp. each added 2%, Sharp Corp. surged 3.5%, and Toyota Motor Corp. traded up 1.3%. On the downside, airlines fell amid further troubles for the Boeing Co. 787 Dreamliner, which was grounded in the U.S. late Wednesday after the aircraft was forced to make an emergency landing late Wednesday in Japan. Shares of All Nippon Airways Co. dropped 1.1%, while rival Japan Airlines Co. fell 1.4%. Both carriers have 787s in their fleet but have halted their use, pending investigation of a possible problem with the jet's battery. Shares of GS Yuasa Corp. , which makes batteries for the 787, tumlbed 4.7%. Meanwhile, stock in Renesas Electronics Corp. lost 1% after reports said the chip maker plans to cut more than 3,000 jobs.
|
|