Nikkei 225 surges 1% on revised earnings forecasts

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Source: Dukascopy Bank
Japan's Nikkei Stock Average rallied on Monday, lifted by upward revised profit forecasts and export shares which climbed on optimistic US labour market data. Nikkei 225 index surged 1.08% or 95.09 points and finished at 8,927.02. Oki Electric jumped 14% and Nikon added 11% after both companies raised their profit forecasts. Car markers also contributed positively to the index with Honda Motors gaining 2.9% and Nissan Motors advancing 3.3%. On the downside Tokyo Electron lost 8.2% after reporting a 47% loss in last three quarters of 2011. 

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