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英语文摘:Tokyo stocks rise on yen's decline, exporters advance

Source:  Onion  2010-06-15   English BBS   Favorite  

TOKYO, June 14 (Xinhua) -- Japan's Nikkei stock index climbed 1. 80 percent on Monday as a weaker yen against the euro made export- related issues an attractive proposition and improved consumer sentiment in the United States further lifted the market's mood and fueled expectations for improved earnings.

The 225-issue Nikkei Stock Average gained 174.60 points, or 1. 80 percent, from Friday to 9,879.85, whilst the broader Topix index of all First Section issues on the Tokyo Stock Exchange rose 12.12 points, or 1.40 percent, to 878.56.

Local brokers said Monday that the market got off to a good start following Wall Street's rise on Friday following better-than- expected U.S. consumer sentiment data for June and the euro's relative strength against the yen gave Japanese exporters a boost, providing the market with a bullish mood on the first trading day of the week.

"Japanese businesses are benefiting from the improved global economy, and I don't think we have to worry about company earnings this year," said one Tokyo-based strategist, adding that, "U.S. economic data remain resilient, and economies continue to improve globally."


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