Wednesday, June 27, 2007

Japanese Shares Rise as Yen Weakens; Honda Leads Gains, Bridgestone Jumps

(Bloomberg) -- Japanese stocks advanced, helping
the Nikkei 225 Stock Average rebound from a four-day slide,
after the yen reversed a strengthening trend and some U.S.
investment houses said they see few risks of widespread turmoil
in credit markets.

Honda Motor Co. jumped 2.3 percent, after sliding 1.6
percent during the past three sessions as the yen strengthened
and a weakening U.S. housing market increased concern consumer
demand would be curbed and that investors would favor bonds over
stocks. Toyota Motor Corp. rose after Goldman, Sachs & Co.
lifted its recommendation on the shares to ``buy.''


Read more at Bloomberg Stocks News

No comments: