Nikkei up over 3 pct, best performance in 6 months

by mani on August 3, 2010

June 3 (Reuters) – Japan’s Nikkei average surged over 3 percent to a two-week high on Thursday and had its best one-day performance in six months, with foreign investors tentatively re-entering the market and technical signs turning brighter.

Exporters such as Canon Inc (7751.T) rose as the yen weakened against the euro and after investors rushed back into U.S. stocks, having decided that a battering the previous day had gone too far. Kawasaki Kisen (9107.T) and other shippers also gained.

The benchmark Nikkei .N225 rose 3.2 percent or 310.95 points to 9,914.19, its best one-day performance since Dec 3. The broader Topix .TOPX gained 2.4 percent to 890.64. (Reporting by Elaine Lies)

Bookmark and Share
Share and Enjoy:
  • Print
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google Bookmarks

Leave a Comment

Previous post: Seoul shares gain 1.9 pct on banks, foreign buying

Next post: KYOCERA Commences U.S. Manufacturing of Solar Modules