Japanese shares rose nearly 1 per cent Thursday as
export-oriented issues were lifted by the receding yen against the
euro, according to dpa.
The benchmark Nikkei 225 Stock Average gained 85.58 points, or
0.99 per cent, to 8,701.23 while the broader-based Topix index was up
8.23 points, or 1.09 per cent, at 762.30.
In morning trading, the Nikkei dropped nearly 1 per cent following
overnight losses on Wall Street and European markets, as
export-oriented issues were also hurt by the yen's rise against the
But exporters such as Toyota Motor Corp, Canon Inc and Sony Corp
rebounded in the afternoon as the yen receded against the euro, to
close almost unchanged from Wednesday's exchange rate.
Toyota rose 0.9 per cent, Canon jumped 1.57 per cent and Sony was
up 0.8 per cent.
On currency markets at 3 pm, the dollar traded at 76.53-54 yen, up
from Wednesday's 5 pm quote of 76.42-43 yen.
The euro traded at 1.3619-3620 dollars, down from 1.3638-3639
dollars Wednesday, and at 104.22-25 yen, flat from 104.22-24 yen.