Nikkei 225 Gains More Than 3%, Halting 7-Day Drop as Yen Weakens [Yahoo! Finance]
HITACHI LTD ADR (HTHIY)
NASDAQ:AMEX Investor Relations:
hitachi.com/ir-e
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Source: Yahoo! Finance
Most Read from Bloomberg The blue-chip gauge rose as much as 3.3% as of 9:18 a.m. in Tokyo, while the broader Topix gained 2.8%. Hitachi Ltd. contributed the most to the Topix's gain, increasing 5.4%, as the yen dropped 0.4% to trade at 142.88 per dollar. Banks including Mitsubishi UFJ Financial Group Inc. also advanced after long-term Treasury yields rose for a second day. “Semiconductor-related stocks, information and telecommunications stocks, and automobile stocks, which had been sold off due to the strong yen, are expected to be firm,” said Takashi Ito, a senior strategist at Nomura Securities Co., “The US CPI has strengthened speculation of a 25 basis-point rate cut, which has temporarily removed the pressure from the strong yen.” The US consumer price index increased 0.3% from July, the most in four months, and 3.2% from a year ago, figures showed Wednesday. Investors are watching comments from central bank officials that could sway the outlook for shares. Bank of Japa
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