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Asia: Exporters boosted by yen's retreat
Wed, 08 Feb, 2012
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Asia: Exporters boosted by yen's retreat
Thu, 26 Aug 2010, 08:34:00
The Nikkei rose on Thursday as the yen pulled back from recent 15-year highs and investors got stuck into technology exporters. <b>Panasonic</b> rose 2.1%, <b>Elpida Memory</b> gained 1.8% although <b>Toshiba Corp</b> dragged 1% after a downgrade from CLSA. <b>Canon</b> was back on form, up 1.17% while carmaker <b>Honda</b> drove through gains of 1.58%. <b>Toyota</b> was up 0.24%. The Nikkei 225 index closed up 61 points at 8,906 in Tokyo. The Hang Seng moved in and out of negative territory with shares of <b>China Life Insurance</b> the biggest drag on the index after first-half earnings disappointed. Luxury menswear group <b>Trinity</b> surged 8% after it posted a massive jump in first half earnings. Elsewhere <b>Henderson Land Development</b> rallied 1.9% ahead of its first-half earnings today in Hong Kong. The Hang Seng index fell 22 points to 20,612.
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