Japan stocks crawl back up in early trade – MarketWatch
LOS ANGELES (MarketWatch) — Japanese stocks returned to their winning ways Monday, with the Nikkei Stock Average
and Topix each 0.2% higher, after the Nikkei snapped its nine-session bull streak with a 0.3% loss on Friday. A solidly lower yen helped support the advance, with the dollar
rising to ¥104.18, up from ¥103.73 at the previous Tokyo stock close. The currency-rate action lifted the fortunes of some forex-sensitive names, including Hitachi Ltd.
(up 1.1%), TDK Corp.
(up 1.2%), and Olympus Corp.
(up 1.5%), while Sony Corp.
rose 1% and Nintendo Co.
added 0.5% after major U.S. videogame retailer Gamestop Corp.
handed in solid quarterly results on the back of strong console sales. Shares of JVC Kenwood Corp.
jumped 7.4% as a Nikkei news report said it was expanding its car-navigation partnership with Garmin Ltd.
to include systems built into vehicles. Stock in Apple Inc.
supplier Murata Manufacturing Co.
added 1.3% after announcing its offer to buy U.S. high-speed-communication company Peregrine Semiconductor Corp.
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Japan stocks crawl back up in early trade – MarketWatch
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