Business News
Japanese shares up, exporters gain (Roundup)
Jul 5, 2010, 7:34 GMT
Tokyo - Japanese stocks rose Monday on export-oriented issues as the yen's rise against the dollar halted after the release of a key US jobs report amid concerns about the US economy.
The benchmark Nikkei 225 Stock Average added 63.07 points, or 0.69 per cent, to close at 9,266.78 while the broader Topix index was up 5.91 points, or 0.71 per cent, to end the day at 836.89.
Investors picked up bargains after recent falls. Shares in Tokyo hit their lowest closing level in seven months last week.
On currency markets at 3 pm (0600 GMT), the dollar traded at 87.94-97 yen, almost unchanged from Friday's 5 pm quote of 87.92-94 yen.
The euro traded at 1.2538-2541 dollars, up from 1.2498-2500 dollars Friday, and at 110.27-30 yen, up from 109.88-92 yen.
