Japanese equities rebound from yesterday's losses

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Source: Dukascopy Bank SA
Japanese stocks climbed today after Nikkei 225 Stock Average fell as much as 2.6% yesterday, the biggest lost in 8 months, as the concerns rose about the currency moves. The Nikkei 225 added 0.1% to 10,609.64 at its close., as the Yen depreciated against its major counterparts. However, only four out of ten groups edged higher. Telecommunications posted the biggest increase of 1.8%, followed by utilities that added 1.00%. Sharp Corporation shares rallied 7.3% to 338 yen, as the TV-maker is currently in talks with Lenovo to form a partnership in China. The company led gains in the consumer goods industry that was 0.58% up. Sony Corp. was the second best performer with its shares up 5.7%, also contributing to the increase in consumer goods shares. Meanwhile, Unitika halted further gains in the latter sector, as it tumbled 5.7% to 50 yen. GS Yuasa Corporation followed with its shares tumbling 5% and dragging down the industrials that lost 0.84%, the biggest decline in the gauge.
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