Japanese stocks close higher Wednesday

  • Business
  • Wednesday, 15 Jun 2005

TOKYO (AP) - Japanese stocks rose Wednesday led by gains in bank and technology issues. The U.S. dollar was down against the Japanese yen, but up against the euro. 

The Nikkei Stock Average of 225 issues closed at 11,415.88 points on the Tokyo Stock Exchange on Wednesday, up 79.96 points, or 0.71 percent, from Tuesday. 

The index gained 24.41 points, or 0.22 percent on Tuesday. 

The broader TOPIX index, which includes all issues on the exchange's first section, gained 7.90 points, or 0.69 percent, to 1,158.23 points. 

The TOPIX gained 0.67 points, or 0.06 percent, the day before. 

Stocks ended higher as technology blue chips and bank stocks led the advance Wednesday. 

Advantest Corp., Canon Inc., Kyocera Corp. as well as Mizuho Financial Group were among the gainers. 

The U.S. dollar was trading at 109.19 yen on the Tokyo foreign exchange market at 3 p.m. (0600GMT) Wednesday, down 0.13 yen from late Tuesday, and below the 109.46 yen it bought in New York later that day. 

On Tuesday in New York, the Dow Jones industrial average rose 25.01, or 0.24 percent, at 10,547.57. 

The Nasdaq composite index climbed just 0.08, nearly flat, to 2,069.04. 

In other currency trading in Tokyo, the euro fell to US$1.2046 from US$1.2136 late Tuesday and to 131.50 yen from 132.65 yen. 

The yield on the benchmark 10-year Japanese government bond rose to 1.2400 percent from Tuesday's finish of 1.2350 percent. 

Its price fell 0.04 to 100.53 points. - AP

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