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Mixed earnings end in mixed day for Japanese stocks - Summary

Tokyo - Stocks in Tokyo ended mixed for a second-straight trading day as investors bought up shares in companies reporting upbeat earnings forecasts but sold issues with poor earnings and outlooks. Exporters lost ground on a stronger yen. The Nikkei ...
Posted : Mon, 09 Nov 2009 06:46:22 GMT
By : dpa
Category : Business
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Tokyo - Stocks in Tokyo ended mixed for a second-straight trading day as investors bought up shares in companies reporting upbeat earnings forecasts but sold issues with poor earnings and outlooks. Exporters lost ground on a stronger yen. The Nikkei 225 Stock Average gained 19.64 points, or 0.2 per cent, to close at 9,808.99.

The broader-based Topix index fell 3.34 points, or 0.38 per cent, to finish at 870.67.

On currency markets at noon (0300 GMT), the dollar traded at 90.18-22 yen, down from Friday's 5 pm quote of 90.45-46 yen.

The euro traded at 1.4911-15 dollars, up from 1.4876-78 dollars Friday, and at 134.49-51 yen, down from 134.56-60 yen.

A stronger yen makes Japanese firms' goods more expensive abroad and reduces their overseas earnings.

Copyright DPA

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