11 April (Bloomberg)--Japanese stocks oscillés between gains and losses that Tokyo Electric Power Co. surged for a second day and automakers fell after Citigroup Inc. downgraded the country's automotive sector.
Asia largest utility, Tokyo Electric, rebounded after sliding close to 80 percent since March 11, earthquake and tsunami that paralyzed its nuclear reactors at Fukushima. Kansai Electric Power Co. increased by 1.4% after the utility has agreed to buy two Australia coal-fired power plants. Toyota Motor Corp., manufacturer of no. 1 in the world, lost of 2.1%.The Topix index was unchanged at 853.1 11 hours break in Tokyo trade, with about twice as many stocks advancing as recedes. The average Stock Nikkei 225 dragged 0.3 per cent to 9,736.07. "One month has elapsed since the disaster and investors are beginning to see more clearly the impact on the economy and corporate profits, said Kenji Sekiguchi, General Manager at Mitsubishi UFJ Asset Management Co., which oversees about $ 75 billion. "Speculators are buying shares Tepco.".Futures index Standard & Poor of 500 increased from 0.2% today. In New York, the index fell 0.4% to 1,328.17 April 8 rally of oil at a 30 month high led transport shares and investors speculated that a struggle in the Congress of the United States on the federal budget may close the Government for the first time since 1996 .magnitude-9 EarthquakeThe Nikkei 225 dropped a 6.4% through April 8 since March 10, a day before an earthquake of magnitude 9 record and tsunami struck on the Japan. Stocks in the benchmark Japanese are evaluated to 14.6 times estimated earnings averaged 13.7 times for the S & P 500 and 11.4 times for the 1600 Stoxx Tokyo Electric climbed 13 percent Yen 475, the second - largest gain in the Nikkei 225. Kansai Electric increased 1.4 percent Yen 1.841, after the company and Sumitomo Corp. has agreed to buy two Griffin energy central coal in Australia .mining of Western companies and energy acquired the most on the Topix index. Inpex Corp., Explorer of the Japan greater energy, rose by 2.2 per cent to 649,000 yen. Japan Petroleum Exploration Co., the second biggest oil driller, advanced 2.1% at 4,170 yen.Crude oil for may delivery rose by 2.3% to $112.79 US per barrel in New York on 8 April, the highest settlement since September 22, 2008. Oil advanced for a fourth day as the North Atlantic Treaty Organization has intensified its air campaign on the Libya and the desire disorders may extend to other exporting countries of energy in the medium DeclineCarmakers East.Carmakers had the fall the most among the 33 industry groups in the Topix. Toyota lost 2.1% 3 270 yen. Honda Motor Co. has sunk 2.1% to 2,908 yen, while Nissan Motor Co. fell by 1.8% to Citigroup as Noriyuki Matsushima 701.Analyste yen cut its rating on the companies "sell" from "buy" Japan auto and reduced the price of the action of the estimates on automakers. Matsushima said total losses in the sector of operation may be the largest ever after the earthquake of last month disrupted the supply of parts and electricity limited to plants.Sharp Corp., an electronics manufacturer, fell 1.2% 768 yen after the company suspended the production of two factories of the liquid crystal display after the earthquake caused a shortage of gas used to run equipment.Companies usually reduce output rather than halting production, pure and simple, so the decision was a "surprise", Takashi Watanabe, an analyst at Goldman Sachs Group Inc. wrote in a report dated today.-Editors: Jason Clenfield, John McCluskey.
To contact the reporters on this story: Akiko Ikeda in Tokyo at the iakiko@bloomberg.net; Toshiro Hasegawa in Tokyo at the thasegawa6@bloomberg.net.
To contact the responsible editor of the story: Nick Gentle at ngentle2@bloomberg.net.
没有评论:
发表评论