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Reply #45: Nikkei up 2.7 pct, exporters rise on weaker yen [View All]

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Ghost Dog Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-16-08 07:57 AM
Response to Reply #21
45. Nikkei up 2.7 pct, exporters rise on weaker yen
TOKYO, June 16 (Reuters) - Japan's Nikkei stock average rose 2.7 percent on Monday as exporters such as Kyocera Corp (6971.T: Quote, Profile, Research, Stock Buzz) climbed on a weaker yen and after U.S. data eased worries on Wall Street about inflation and a near-term rise in interest rates.

The Tokyo market's gains picked up pace in the afternoon, partly buoyed by rises in other Asian markets, with Hong Kong's Hang Seng Index .HSI up 2.7 percent.

Japan's largest auto battery maker GS Yuasa Corp (6674.T: Quote, Profile, Research, Stock Buzz) shot up 10.6 percent after the Nikkei business daily reported that its partner in next-generation batteries, Mitsubishi Motors Corp (7211.T: Quote, Profile, Research, Stock Buzz), will tie up with France's PSA Peugeot Citroen (PEUP.PA: Quote, Profile, Research, Stock Buzz) on electric vehicles.

/... http://www.reuters.com/article/marketsNews/idCATKV00312620080616?rpc=44
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