Sunday, May 20, 2007

Japanese Shares Climb, Paced by Sony, Exporters on U.S. Confidence, Yen

(Bloomberg) -- Japanese shares advanced after U.S.
consumer confidence unexpectedly rose this month and the yen
weakened against the dollar and euro.

Sony Corp. surged 4.2 percent, the most in more than three
months, leading gains by exporters. Mitsui O.S.K. Lines Ltd.
jumped 5.7 percent after Nomura Securities Co. began coverage of
shipping companies and said the brokerage is ``bullish'' on the
industry.


Read more at Bloomberg Stocks News

No comments: