HONG KONG South Korean stocks edged higher on Friday as major auto and electronic makers advanced even as steel makers and banks slipped in thin trading in the absence of cues from Wall Street and Japan. The benchmark Kospi rose 0.2% to 1,903.76, with Hyundai Motor Co. climbing 1.9% and heavyweight Samsung Electronics Co. rising 0.7%. Steel major Posco dropped 0.8% and Shinhan Financial Group Co. slipped 0.4%. While U.S. markets were closed overnight for Thanksgiving and the Japanese market was shut Friday for a holiday, European stocks had climbed on Thursday, offering a positive lead. Elsewhere in the region, [...]
SYDNEY Japanese shares rose early Tuesday, tracking gains for their U.S. peers overnight following a surprise lift in manufacturing activity. The Nikkei 225 index added 0.3% to 8,825.17. Gains for major exporters lent early support, as Sony Corp. rose 1%, Toshiba Corp. put on 1.2%, and Mazda Motor Corp. firmed by 1.1%. Citizen Holdings Co. bucked the upbeat trend, with shares down 0.8%, after the Nikkei reported first-half operating profit for the firm may fall short of earlier forecasts.
LOS ANGELES Japanese stocks slipped in early Wednesday trading, with a negative U.S. lead and weak Japan trade data appearing to weigh on some blue-chip exporters, but with some domestically focused shares rising. The Nikkei Stock Average lost 0.3% to 9,134.16, while the broader Topix retreated 0.2%. After a larger-than-expected 8.1% drop in July exports announced just ahead of the market open, Sony Corp. was 0.9% lower, Panasonic Corp. was down 1.2% and Mitsubishi Motors Corp. was off 1.3%. Still, a stronger euro helped some names with strong European exposure, with Mazda Motor Corp. up 1% and Hitachi Ltd. adding [...]
LOS ANGELES Japanese stocks moved higher in early Wednesday trade, with a rising euro helping some exporters and offsetting an earnings hit in the banking sector. The Nikkei Stock Average added 0.2% to 8,945.34, although the Topix was flat in initial trades. The euro’s return above the �97 level helped some European-exposed exporters, with Komatsu Ltd. up 1.9%, Canon Inc. rising 1.1%, and Toyota Motor Corp. ahead by 0.8%. The big banks extended weakness from the previous session, meanwhile, with Mitsubishi UFJ Financial Group Inc. and Mizuho Financial Group Inc. down 0.8% each, and Sumitomo Mitsui Financial Group Inc. off by 1.9%.
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 [...]
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