• Most Popular
  • Most Shared

Japan stocks rebound as exporters, Pioneer support

Mon Mar 3, 2008 9:10pm EST

Stocks

   

(Updates to midsession)

Stocks

TOKYO, March 4 (Reuters) - Japan's Nikkei average rose 0.7 percent on Tuesday, with beaten-down exporter shares such as Honda Motor Co Ltd (7267.T) rising after the previous day's market drop and as the dollar halted a sharp sell-off against a basket of major currencies.

Another boost came from Pioneer Corp (6773.T), which surged nearly 13 percent after the Nikkei business daily said it is finalising plans to stop all production of plasma display panels and procure panels from Matsushita Electric Industrial Co (6752.T).[ID:nT218689]

The benchmark Nikkei .N225 ended the morning session up 94.48 points at 13,086.66 after booking its lowest close since Jan. 23 on Monday.

The broader TOPIX index was up 0.3 percent or 4.30 points at 1,275.45. (Reporting by Aiko Hayashi; Editing by Chris Gallagher)

Stocks


More from Reuters

A male polar bear cannabalizes a polar bear cub in an area about 300km (186 miles) north of the Canadian town of Churchill November 20, 2009. Credit: REUTERS/Iain D. Williams

Polar bear turns cannibal

As the world focuses on climate change in Copenhagen, the animal that has come to represent global warming is turning cannibalistic as the Arctic ice melts their hunting grounds, a U.S.-led global scientific study said.  Slideshow | Full Article 

    Climate Conference
    Emmanuel Roy, a suspect in a mortgage-fraud scheme is escorted by FBI agents after being taken into custody in New York, October 15, 2009. REUTERS/Brendan McDermid

    Sowing seeds of corruption

    Corruption, whether it's crooked officials, financial fraudsters or philandering sports stars, is the country's No. 1 criminal threat, says the FBI.  Full Article 

    Corporate Crime
    President Barack Obama delivers remarks at Lehigh Carbon Community College in Allentown, Pennsylvania, December 4, 2009. REUTERS/Jim Young

    No price tag on jobs boost

    "There are those who claim we have to choose between paying down our deficits on the one hand, and investing in job creation and economic growth on the other. But this is a false choice."  Full Article 

    Economy