Japan's Nikkei up 2 pct, softer yen lifts exporters

Thu Apr 24, 2008 10:11pm EDT
 
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(Updates to midday)

TOKYO, April 25 (Reuters) - Japan's Nikkei stock average rose 2 percent to a two-month high on Friday, with exporters such as Fanuc Ltd (6954.T: Quote, Profile, Research, Stock Buzz) and Canon Inc (7751.T: Quote, Profile, Research, Stock Buzz) gaining sharply on a weaker yen <JPY=> against the dollar.

Oil and gas field developer Inpex Holdings Inc (1605.T: Quote, Profile, Research, Stock Buzz) fell more than 4 percent yen after U.S. crude oil futures CLc1 ended more than $2 lower on Thursday, pressured by the dollar's rebound from record lows this week against the euro.

The benchmark Nikkei average .N225 ended the morning at 13,811.90, after climbing as far as 13,822.91. The broader TOPIX index rose 2 percent to 1,334.05. (Reporting by Taiga Uranaka)

 

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