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Nikkei closes up 0.46% on soft yen, automakers gain
 
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Nikkei closes up 0.46% on soft yen, automakers gain
TOKYO mbt negozi, May 11 (Xinhua) -- Tokyo stocks rose Wednesday Moncler storlekar, with the key Nikkei stock index gaining 0.46 percent as the yen's retreat against its major counterparts timberland work boots, improving corporate earnings outlooks and news supply chain concerns are slowly receding lifted investor sentiment.Brokers said that stocks were also given a boost by Wall Street 's run of gains and on the domestic front, news that Toyota, the world's largest automaker, will raise its production levels earlier than previously expected also bolstered investor confidence. "The advance by U.S. stocks the last three days and the easing of the yen's strength has spurred buying magasin ugg," said one Tokyo-based market analyst.The yen dipped to as 116.90 against the euro Wednesday in Tokyo and to 81.09 against the U.S. dollar, granting Japanese exporters some much-needed relief.Japanese companies reliant on revenue made overseas cheer a weaker yen as it raises their competitiveness in foreign markets and boosts profitability hen yields are repatriated."The yen's appreciation The North Face nettikauppa, which was weighing on exporters and related stocks, is taking a pause. That will likely boost the stock market," said one local strategist.The 225-issue Nikkei Stock Average rose 45.50 points from Tuesday to finish at 9 True Religion Flare,864.26, while the broader Topix index of all First Section issues on the Tokyo Stock Exchange gained 1.16 points, or 0.14 percent, to close at 857.62. 1 2 1 2Related Topics Articles:
Grant3bv 30.11.2011 0 265
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30.11.2011 (4901 days ago)
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