RAV4EVR
09-12-2006, 04:55 PM
This is interesting..
http://www.bloomberg.com/apps/news?pid=20601087&sid=aJNncC_Upl8c&refer=home
Sept. 12 (Bloomberg) -- Shares of Japanese exporters rose, led by Toyota Motor Corp. after oil had its longest losing streak in almost three years, reducing concern higher energy costs will curb spending in the U.S., Japan's largest overseas market.
``A lot of problems have faded that were supporting the price of oil, including the end of the driving season in the U.S.,'' said Nagayuki Yamagishi, a strategist at Mitsubishi UFJ Financial Securities Co. in Tokyo. The falling oil price ``is a boon for carmakers and retailers doing business there.''
The Nikkei 225 Stock Average added 3.28 points to 15,797.66 as of 9:34 a.m. in Tokyo. The broader Topix index was little changed at 1596.28.
Commodities-related companies such as Mitsubishi Materials Corp. dropped after prices for metals such as gold, silver and copper declined, threatening to erode their profits.
Toyota, Asia's largest automaker, added 40 yen, or 0.7 percent, to 6,170. Elpida Memory Inc., Japan's biggest memory chipmaker, gained 100 yen, or 1.9 percent, to 5,440. Advantest Corp., the world's biggest maker of equipment used to test computer memory chips, climbed 80 yen, or 0.7 percent, to 11,390.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aJNncC_Upl8c&refer=home
Sept. 12 (Bloomberg) -- Shares of Japanese exporters rose, led by Toyota Motor Corp. after oil had its longest losing streak in almost three years, reducing concern higher energy costs will curb spending in the U.S., Japan's largest overseas market.
``A lot of problems have faded that were supporting the price of oil, including the end of the driving season in the U.S.,'' said Nagayuki Yamagishi, a strategist at Mitsubishi UFJ Financial Securities Co. in Tokyo. The falling oil price ``is a boon for carmakers and retailers doing business there.''
The Nikkei 225 Stock Average added 3.28 points to 15,797.66 as of 9:34 a.m. in Tokyo. The broader Topix index was little changed at 1596.28.
Commodities-related companies such as Mitsubishi Materials Corp. dropped after prices for metals such as gold, silver and copper declined, threatening to erode their profits.
Toyota, Asia's largest automaker, added 40 yen, or 0.7 percent, to 6,170. Elpida Memory Inc., Japan's biggest memory chipmaker, gained 100 yen, or 1.9 percent, to 5,440. Advantest Corp., the world's biggest maker of equipment used to test computer memory chips, climbed 80 yen, or 0.7 percent, to 11,390.