Nikkei up 2.3 pct on bank optimism, ends 9-day slide

Tue Jul 14, 2009 2:06am EDT
 
[-] Text [+]

TOKYO, July 14 (Reuters) - Japan's Nikkei average gained 2.3 percent on Tuesday to snap a nine-day falling streak, with banks buoyed by upbeat analyst comments about the U.S. financial sector and exporters lifted by a halt in the yen's sharp appreciation.

Nissan Motor Co (7201.T) surged more than 7 percent on its plans to boost production capacity in China, while Komatsu Ltd (6301.T) jumped more than 6 percent after the Nikkei business daily said the company returned to profitability in the April-June quarter.

The benchmark Nikkei .N225 finished up 211.48 points at 9,261.81. It had slid 2.6 percent the previous day to hit its lowest finish since May 18.

The broader Topix rose 1.9 percent to 868.57. (Reporting by Shinichi Saoshiro)

 

More News

Nikkei gains 0.8 pct on exporters, relief after Fed
Wednesday, 12 Aug 2009 09:24pm EDT 
Nikkei dips, exporters hurt by yen and economy worry
Tuesday, 11 Aug 2009 08:10pm EDT 
Nikkei gains as data buoys, M'bishi Rayon soars
Sunday, 9 Aug 2009 10:10pm EDT 
Nikkei rises 2.2 percent on bank optimism
Monday, 13 Jul 2009 10:36pm EDT 

Featured Broker sponsored link

Editor's Choice

A selection of our best photos from the past 24 hours.   Slideshow 

Most Popular on Reuters

  • Articles
  • Video