Japanese equities inched up on stimulus hopes

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Source: Dukascopy Bank SA
Japanese shares eased up on Tuesday, advancing for the seventh day in line. Mounting hopes that the BoJ and POBC will announce easing measures were supportive for Japanese equities.  Meanwhile, softer Yen lifted exporters. The Nikkei 225 Index added 0.04% to close at 9,014.25. Only three in ten sectors within the index gained. Consumer services and industrials were the top-performers.  Dai Nippon Printing, Secom and Toppan Printing moved higher by 1.62%, 0.61% and 0.89%, respectively. Among industrials, Chiyoda, Ebara and Fanuc rose 0.98%, 0.30% and 1.85%, respectively. Fuji Heavy Industries jumped 3.77% after raising its operating profit forecast by 34% for the final half of the year. Sending the Nikki 225 lower, utilities dropped 3.52%. Chubu Electric Power and Kansai Electric Power slumped 9.91% and 12.88%. Kansai Electric Power dropped after news that it would not pay the expected annual dividend due to higher costs of energy.


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Tue, 23 Oct 2012 16:21:41 GMT

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