Thursday, 28 June 2007

Japan Shares Rise as Yen Ends Three-Day Climb; Honda, Toyota Lead Gains

(Bloomberg) -- Japanese stocks advanced, helping
the Nikkei 225 Stock Average rebound from a four-day slide,
after the yen reversed a strengthening trend and two brokerages
issued bullish reports on the country's automakers, citing
benefits from the currency.

Honda Motor Co. jumped the most in more than two weeks,
after sliding 1.6 percent during the past three sessions. Toyota
Motor Corp. rose after Goldman, Sachs & Co. lifted its
recommendation on the shares to ``buy,'' citing the dropping yen.


Read more at Bloomberg Stocks News

No comments: