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).

  • Add this article to LinkedIn
  • Tweet this articl
  • Add this article to facebook

© Nikkei Inc. All rights reserved.
This copy is for your personal, non-commercial use only.
Distribution and use of this material are governed by our Subscriber Agreement and by copyright law.