LOS ANGELES Japanese stocks rallied out of the open Wednesday, aiming at a third straight day of gains, as exporter shares headed higher after U.S. gains overnight. The Nikkei Stock Average rose 1.2% to 8,912.49, with the Topix up 1.1%. Sony Corp. advanced 1.9%, Fujitsu Ltd. improved by 2%, and Honda Motor Co. climbed 2.2%. Shares of Sharp Corp. jumped 4.9% after a Nikkei news report that Hon Hai Precision Industry Co. would soon publicly confirm its investment in Sharp remains in place despite concerns to the contrary. Steel makers moved higher, with JFE Holdings Inc. up 3.6% and Kobe Steel Ltd. adding 2.9%, while shippers Mitsui O.S.K. Lines Ltd. and Nippon Yusen K.K. rose 3.1% and 2.3%, respectively. On the downside, shares of Pioneer Corp. fell 3.7% after the company reported swinging to a quarterly loss.
Our Business News
Business articles & tips that will guide you.
Workshop for Educators to Highlight Business Training Needs: Date: 5/22/2013Information Contact 1: Ofelia Mora... http://t.co/PpcJdoc61h #
