Mizuho leads Tokyo equity markets
by Brian Turner
Equities markets in Tokyo were up on Monday under the influence of a better-than-expected earnings report form Mizuho Financial Group, Japan’s biggest bank when ranked by assets, as well as by Friday’s good performance by Nasdaq in New York.
The Nikkei 225 closed at 11,158.65, up 1.1 percent, while the Topix index rose 0.7 percent to 1,137.69.
Mizuho’s shares rose 1.4 percent to ¥499,000. Technology stocks followed Friday’s New York results and were up in Tokyo, where Sony rose 2.2 percent to ¥4,120 and Canon closed at ¥5,790, up 0.7 percent.
The automotive sector saw gains as well, with Toyota up 0.8 percent to close at ¥3,920 and Isuzu rose 1.2 percent to ¥257. Isuzu’s positive result came after its announcement on Friday that it would increase its involvement in Chinese light truck manufacturer Qingling Motors.
Some heavy industry companies, however, saw losses after news that they were suspected of engaging in bid-rigging in relation to bridge construction projects.
Discuss this in the Finance Markets forums
Story link: Mizuho leads Tokyo equity markets
Add to Bookmarks:
Related financial stories to: Mizuho leads Tokyo equity markets
- Wall Street leads Tokyo markets higher
- Profit taking lowers Tokyo equity markets
- Profit taking lowers Tokyo equity markets
- World equity markets mostly up
- London leads on Thursday markets
- Equity markets end week positive
- Sell-offs send Tokyo markets lower
- Equity markets mixed on busy day’s trading
- Equity markets strong in London and New York
- Tokyo markets up Wednesday
Previous: « Euro retains strength despite a weakening Europe
Next: Hyundai expands on US market presence »
Visited 424 times, 1 so far today
