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Nikkei 225 stocks in eighth weekly boost

By Masaki Kondo | China Daily | Updated: 2010-04-03 07:43

Tokyo - Japanese stocks rose, sending the Nikkei 225 Stock Average to its eighth weekly advance, after automakers' sales grew in the United States, the yen weakened and commodity prices gained.

Toyota Motor Corp, which gets 31 percent of its revenue in North America, climbed 1.5 percent after posting its first increase in US sales in three months. Mitsui & Co, which counts commodities as its biggest source of profit, advanced 1.7 percent after prices for metals and oil gained. EAccess Ltd soared 8.7 percent after saying it will issue fewer shares than it planned. Japan Tobacco Inc, which gets more than half its revenue in the country, fell 1.9 percent on concern deflation will slow economic recovery.

The Nikkei 225 advanced 0.4 percent to close at 11286.09 in Tokyo. The broader Topix index rose 0.4 percent to 989.39, with eight shares gaining for every seven that declined.

Nikkei 225 stocks in eighth weekly boost

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