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Asia: Nikkei up 1% after fresh GDP figures
Wed, 08 Feb, 2012
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Asia: Nikkei up 1% after fresh GDP figures
Thu, 11 Mar 2010, 09:14:00
The Nikkei rose 0.96% on Thursday as the weaker yen made exporters such as Canon, Sony and Honda more appealing. In economic news Japan's economy grew less than previously thought in the last quarter of 2009, according to new figures. The economy is now estimated to have grown 0.9% during the year less than a previous estimate of 1.1%. The revised figure is due in part to companies spending less than expected on factories and equipment. Financials did well with shares in <b>Mizuho Financial</b> rising 1.08% in Tokyo. <b>Mitsubishi Tokyo</b> added 0.88% after a good performance among banks in Wall Street the previous day. Shipping line <b>Mitsui OSK</b> rose 1.3%. The benchmark Nikkei 225 index closed up 101 points at 10,665 in Tokyo. The Hang Seng finished modestly in the blue but investors spent the session worrying about China monetary tightening. <b>Bank of China</b> fell 1.74% after it announced a fundraising plan. <b>ICBC</b> was down 1.02%. Heavyweights <b>HSBC</b> and <b>China Mobile</b> both marked modest gains. The Hang Seng index closed up 19 points at 21,228 in Hong Kong.
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