TOKYO: Tokyo stocks bounced back from yesterday’s loss after the yen fell amid signs the US economy is strengthening and investors weighed earnings.
The Topix rose 0.5 percent to 1,367 as of 12:40 p.m. in Tokyo after falling 0.3 percent yesterday. The Nikkei 225 Stock Average gained 1 percent to 16,943.19. The yen traded at 114.76 per dollar today after falling 0.2 percent yesterday. The Topix jumped 6.4 percent through yesterday from Oct. 30, the day before the Bank of Japan expanded stimulus and the nation’s pension fund said it will boost its stock holdings.
Nissan Motor Co., which gets 43 percent of its revenue in North America, gained 1.3 percent. Sumitomo Metal Mining Co. climbed 6.2 percent after raising its full-year profit forecast. Chiyoda Corp. surged 7.1 percent after the builder reported its first-half operating profit beat estimates.
