Wednesday, June 16, 2010

Asia: Nikkei tops 10,000


Date: Wednesday 16 Jun 2010
yin yangThe Nikkei rose 1.81% on Wednesday with investors picking up stocks in most sectors.

Exporters such as 
Canon and Nintendo enjoyed some of the biggest gains as fears about euro zone debt problems were watered down following solid demand at European debt auctions.

Shares in Nintendo surged 4.9% after it revealed its new handheld 3-D video-game player. Canon bounced 3.88% as concern about the stronger yen eased.

Carmakers continued to drive through strong gains with 
Toyota gaining while Honda added 1.5% in Tokyo.

blue yin yangMemory chip giant 
Advantest rallied 2.6% on forecasts of higher global demand. Rising commodity prices sent shares in trading house Mitsubishi Corp.  up 2.4% while Mitsui & Co jumped 5% to 1,146 yen.

The Nikkei rose 179 points, topping 10,000 points for the first time in a month, to 10,067 in Tokyo.

Hong Kong markets are closed for a holiday today.

No comments: