Date: Monday 14 Jun 2010
The Nikkei advanced 1.8% on Monday with confidence boosted by better than expected US consumer sentiment figures.The weaker yen also underpinned gains for exporters. Sony added 2.3% in Tokyo,TDK rose 2.1% while Canon climbed 1.6%.
Carmakers were in demand with shares in Toyota up 1.1% and Nissan cruising 1.9% higher. Honda jumped over 3%.
Shipping lines flew off the shelf on hopes of increased trade. Kawasaki Kisen Kaisha surged 4.1% while Nippon Yusen KK rallied 4.2% to 348 yen.
Real estate firm Mitsubishi Estate also enjoyed plenty of interest after Credit Suisse upgraded its rating on the stock to “outperform.”
The Nikkei 225 index was up 174 points at 9,880 in Tokyo.
In Hong Kong the Hang Seng rose for the fifth straight session, with sentiment buoyed by the upbeat US consumer data.
Esprit Holdings advanced 2.6% while Hong Kong listed carmakers moved into focus after the Ministry of Commerce in China said it would extend its initiative for trading in old cars to the end of the year.Shares in Geely Automobile soared 6.1% while Dongfeng Motor shot up 7.3% in Hong Kong.
The Hang Seng index rallied 179 points at 20,051
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