February 2nd, 2011 
davidguide LOS ANGELES (MarketWatch) — Japanese stocks followed their U.S. peers upward Wednesday morning, with the benchmark Nikkei Stock Average leaping 1.3% to 10,404.3, while the Topix rose 1.2% to 924.47. Some financial shares were among the leading advancers, with Daiwa Securities Group Inc. rising 3%, and Sumitomo Mitsui Financial Group Inc. up 1.5%, though Mitsubishi UFJ Financial Group Inc. underperformed with a 0.9% rise. Healthy U.S. auto sales numbers release overnight help some stock in that sector, with Toyota Motor Corp. and Nissan Motor Co. each adding 1.8%. A big climb in the Nasdaq also boosted tech issues, with big winners including Toshiba Corp. , up 2.9%, and Elpida Memory Inc. , higher by 2.2%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
View full post on All Stories
Posted in 
Tags: