Business News
Japan stocks edge up on bargain hunting
Jan 23, 2012, 2:58 GMT
Tokyo - Japanese shares inched higher Monday morning after hovering in negative territory earlier as investors picked up cheap stocks.
The benchmark Nikkei 225 Stock Average gained 15.8 points, or 0.18 per cent, to trade at 8,782.16 at the end of morning trading at 11:30 am (0230 GMT).
The broader Topix index was up 1.93 points, or 0.26 per cent, at 757.4.
Olympus Corp surged 7.59 per cent after Tokyo Stock Exchange Inc decided Friday to keep the company's shares listed on the market.
In November, the bourse moved the company's shares on to its watch list for possible delisting following the revelation of the cover-up of investment losses.
On currency markets at 11:30 am, the dollar traded at 77.05-06 yen, down from Friday's 5 pm quote of 77.20-21 yen.
The euro was quoted at 99.40-42 yen, down from 100.12-13 yen late Friday, and at 1.2898-2902 dollars, down from 1.2967-2970 dollars.
COMMENT
blog comments powered by DisqusLatest Headlines in Business
- 1. US unemployment drops further, but figures disappoint
- 2. Japan stocks down as euro debt outweighs positive US data
- 3. Iraq resumes oil flow after pipeline blast in Turkey
- 4. Spanish bond auction lifts eurozone worries, sinks Japan stocks
- 5. ECB holds rates, rules out early exit from emergency measures
Older Talkback
