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Japanese stocks edge up on overseas rallies
Published in Saudi Press Agency on 26 - 04 - 2012

Japanese shares inched higher Thursday morning, led
by carmakers, after overnight gains on Wall Street and European
markets, dpa reported.
The benchmark Nikkei 225 Stock Average gained 10.56 points, or
0.11 per cent, to trade at 9,571.57 at the end of the morning session
at 11:30 am (0230 GMT).
The broader Topix index was up 2.45 points, or 0.3 per cent, at
811.94.
Overseas rallies helped exporters such as carmakers advance in the
morning. Shares in Honda Motor Co jumped 1.39 per cent, Toyota Motor
Corp gained 0.61 per cent and Nissan Motor Co climbed 0.36 per cent.
The Dow Jones Industrial Average rose 0.69 per cent overnight
after Federal Reserve Chairman Ben Bernanke indicated he was prepared
to do more to stimulate the economy if necessary.
On currency markets at 11:30 am in Tokyo, the dollar traded at
81.22-24 yen, down from Wednesday's 5 pm quote of 81.29-31 yen.
The euro was quoted at 107.41-44 yen, little changed from
107.36-40 yen late Wednesday, and at 1.3222-3227 dollars, up from
1.3207-3209 dollars.


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