Thursday, March 14, 2013
Nikkei Opens Up On Strong U.S. Retail Sales Data
TOKYO (NQN)--Tokyo stocks opened higher Thursday, with the Nikkei Stock Average advancing 92 points to start the day at 12,332.
Expectations are rising for a rapid U.S. economic recovery, in line with the release of unexpectedly strong U.S. retail sales figures for February. This has helped to shore up market sentiment in Tokyo, prompting investors to buy blue-chip exporters such as Toyota Motor Corp. (7203), Honda Motor Co. (7267) and Canon Inc. (7751).