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Tokyo stocks hit 9-week high as retail shares up

Tue Oct 9, 2007 10:11pm EDT
 
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(Updates to midsession)

TOKYO, Oct 10 (Reuters) - Japanese stocks hit their highest point in almost nine weeks on Wednesday, with Fast Retailing Co Ltd (9983.T: Quote, Profile, Research, Stock Buzz) and other retail shares climbing as investors shifted money to domestic demand-reliant sectors from exporters on concerns about U.S. personal consumption.

The benchmark Nikkei .N225 ended the morning session up 0.3 percent or 57.63 points at 17,217.53, after reaching its highest since Aug. 9.

The broader TOPIX index added 0.3 percent or 5.41 points to 1,665.47. It also hit its highest point since Aug. 9 earlier.

 

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