Japan stocks rise after U.S. economic data
Posted: Mon Oct 29, 2012 9:29 amJapan stocks rise after U.S. economic data
from MarketWatch.com - MarketPulse
LOS ANGELES (MarketWatch) -- Japanese stocks moved higher in early Monday trading, with sentiment appearing to get a lift from stronger-than-expected U.S. economic growth data out Friday, as well as growing expectations for further easing from the Bank of Japan, which meets later in the week. The Nikkei Stock Average advanced 0.5% to 8,980.60, with the Topix also up 0.5%, as steel makers and real-estate names helped lead the gains. Kobe Steel Ltd. rose 2.9%, while Nippon Steel & Sumitomo Metal Corp. gained 1.7%, though JFE Holdings Inc. sank 0.6%. In the property sector, Mitsui Fudosan Co. rose 1.3%, and Mitsubishi Estate Co. gained 1.6%. Shares of Hitachi Ltd. added 1% as The Wall Street Journal reported the firm is likely to win control of U.K. nuclear project Horizon when the winning bid is announced next week. Hitachi would beat out Westinghouse Electric Co., a unit of Toshiba Corp. , shares of which nonetheless rose 1.4%. On the downside, NTT DoCoMo Inc. tumbled 3.1% after the mobile telecom cut its full-year operating profit outlook Friday.
from MarketWatch.com - MarketPulse
LOS ANGELES (MarketWatch) -- Japanese stocks moved higher in early Monday trading, with sentiment appearing to get a lift from stronger-than-expected U.S. economic growth data out Friday, as well as growing expectations for further easing from the Bank of Japan, which meets later in the week. The Nikkei Stock Average advanced 0.5% to 8,980.60, with the Topix also up 0.5%, as steel makers and real-estate names helped lead the gains. Kobe Steel Ltd. rose 2.9%, while Nippon Steel & Sumitomo Metal Corp. gained 1.7%, though JFE Holdings Inc. sank 0.6%. In the property sector, Mitsui Fudosan Co. rose 1.3%, and Mitsubishi Estate Co. gained 1.6%. Shares of Hitachi Ltd. added 1% as The Wall Street Journal reported the firm is likely to win control of U.K. nuclear project Horizon when the winning bid is announced next week. Hitachi would beat out Westinghouse Electric Co., a unit of Toshiba Corp. , shares of which nonetheless rose 1.4%. On the downside, NTT DoCoMo Inc. tumbled 3.1% after the mobile telecom cut its full-year operating profit outlook Friday.