Increase in Stocks of the Japan for the first time in four days on U.S. housing starts

April 20, 2011, 2: 47 PM EDT by Norie Kuboyama and Satoshi Kawano

April 20 (Bloomberg) - Japanese stocks advanced near two weeks after the U.S. implemented construction increased and revenues exceeded estimates to companies, including Johnson & Johnson, the largest in the world of signaling economy is recovering.

FANUC Corp., largest maker of the Japan of industrial robots, gained 2.3%. Toshiba Corp., Advantest Corp. and other chip manufacturers and related tools of advanced after Intel Corp. sales forecast that can top estimates. Inpex Corp., most of the country's oil Explorer, rose to 3.1% increase in the price of the crude.The Nikkei 225 Stock average reached 1.8% 9,606.82 as of the close in Tokyo, the largest gain since April 8. The broader Topix advanced 1.2% to 837.17. Index has decreased about 10 per cent since the magnitude-9 earthquake and tsunami on March 11 which devastated the northeast coast of the Japan and paralyzed a nuclear power plant. "" You are seeing signs in Europe and the United States are always on the road to recovery, "said Hiroichi Nishi, a manager of shares to SMBC Nikko Securities Inc. in Tokyo. "That has helped ease the nerves."The standard & poor 500 Index gained 0.6% yesterday in New York after the Commerce Department said housing starts increased 7.2% in March from February. Work has begun on 549,000 homes, exceeding forecasts median 520 000 economists surveyed by Bloomberg News.Exporters ClimbJapan exporters gained after housing report. FANUC, a manufacturer of equipment for factory obtains approximately 80% of sales abroad, increased by 2.3% to 13,190 yen. Sony Corp., most large exporter of the Japan of electronics, increased by 0.9% to 2,458 yen. Automakers including Toyota Motor Corp., Honda Motor Co., and Nissan Motor Co. said.Shares also gained after yesterday in Europe and the US companies reported results that beat projections, help boost confidence in the global recovery. Johnson & Johnson, vendor of second largest in the world of health products, forecast earnings of 4.90 $ to $ 5 a share, better than an estimate of $ 4.80 to $ 4.90 in businesses related to the January.Chip advanced after Intel, the world's largest producer in the World Semiconductor, sales in the second quarter forecasts that high may analysts estimates. The demand for processors for powerful machines that manage Web services is outweigh personal computer slower growth, said the company based in Santa Clara, Californie.Intel stimulates the ChipmakersToshiba, the second global manufacturer of chips used to store photos and music in smartphones and other portable devicesrose 3.7% to 416 yen. Advantest, the world's largest manufacturer of semiconductor test equipment and Elpida Memory Inc., exclusive manufacturer of the Japan of PC memory, also rose.Toshiba received boost after Nomura Holdings Inc. reiterated its "buy" rating on the company, saying that chip company would drive earnings, even as sales related to nuclear energy in the fall following the disaster of last month. Shares of the company, which makes everything from semiconductors to atomic plants, have fallen 17 percent since the earthquake and tsunami that caused explosions and radiation leak in Fukushima Dai-Central Ichi of Tokyo Electric Power Co..Currency of weak Japan, giving relief to exporters in the country. The depreciated yen low as 119.67 against the euro today in Tokyo, compared with 117.24 end of stock trading yesterday on speculation, the Central Bank European will raise interest rates. Against the dollar, currency of Japan weakened the 82.44.Oil 83.10 and trading companies of such as the rise in the price of crude oil and metal. Inpex reached 3.1 per cent yen 601,000 after crude oil for may delivery gained $1.03 to $108.15 US per barrel yesterday in New York. Mitsubishi Corp., largest trader of the Japan-based products, advanced after the London Metal Exchange six metals Index had its biggest gain in nearly two weeks.

-With the assistance of Toshiro Hasegawa in Tokyo. Editors: Jason Clenfield, Nick Gentle.

To communicate with journalists for this story: Norie Kuboyama in Tokyo at the nkuboyama@bloomberg.net; Satoshi Kawano in Tokyo, at skawano1@bloomberg.net.

To contact the responsible editor of the story: Nick Gentle at ngentle2@bloomberg.net.

View the original article here

Asian stocks rise as housing in United States, gains Boost confidence

April 20, 2011, 6: 31 pm EDT by Anna Kitanaka and Norie Kuboyama

April 20 (Bloomberg) - Asian stocks rose with regional index set for its biggest advance in nearly a month, as U.S. implemented site has acquired and revenues exceeded the estimates to companies, including Johnson & Johnsonthe largest in the world of signaling economy is recovering.

Major manufacturer of chip testing equipment, Japan, Advantest gained 3.4% after that Intel Corp. forecast of quarterly sales which can top estimates. BHP Billiton Ltd., the world largest mining company, won 1.2% in Sydney after the metal and the price of oil has increased. Samsung Electronics Co. acquired 4.7 per cent in Seoul after he agreed to sell his computer hard disk drive business. LG Chem Ltd., manufacturer of chemical products of the Korea of the South, jumped 5.6% after posting a 27 percent gain for the benefit of the first quarter.The MSCI Asia Pacific index advanced 1.8% to 136.69 at 6: 26 pm in Tokyo, the largest gain since March 22. Approximately five shares acquired for each that fell on the gauge 1 023-member. The measure fell 0.5% last week, reversing gains of three weeks. "Application to the United States, while he may step force that once again, slowly moves towards a recovery,"said Kiyoshi Ishigane, a strategist than Tokyo Mitsubishi UFJ Asset Management Co., who oversees the $ 84 billion. "Yesterday, that we have seen this dwelling in the United States was good, which means that the US economy is improving, and is being appreciated by the market today.".Nikkei 225 Stock average advanced Japan of 1.8%. S & P/ASX 200 Index the Australia rose by 1.4% and New Zealand NZX 50 index increased by 1%. Index of ABN Korea in South increased by 2.2 per cent, the largest gain among the benchmarks in the area.Index of Hong Kong Hang Seng rose 1.6% while Shanghai Stock Exchange index Composite China rose by 0.3%.StartsFutures housing United States on Standard & Poor of 500 index increased by 1.2% today, the largest advance since March 21. In New York, the index advanced 0.6% yesterday after the Commerce Department said construction implemented increased 7.2% in March from the previous month. Work began on 549,000 homes, exceeding forecasts median 520 000 economists surveyed by Bloomberg News.Johnson & Johnson, vendor of second most large world of health products, forecasts of earnings of the year for 2011 is $ 4.90 to $ 5 a sharemore than a month of January of 4.80 4.90 $ after the quarterly earnings forecasts exceeded estimates as a result of new drugs and a weakening of the dollar.Technology Intel ForecastsInformation of revenue sharing rose 2% today, the most among the 10 groups of industry of the index MSCI Asia Pacific in Tokyo, Advantest increased by 3.4% to 1,452 yen. Tokyo Electron Ltd., the largest producer of the Japan of chipmaking equipment, reached 4.1% yen issue. Taiwan Semiconductor Manufacturing Co., manufacturer of largest contract chips in the world, advanced 2.5 per cent for NT$ 69.8 in Taipei.Intel, largest chip manufacturer in the world, said revenue will be $ 12.8 billion, more or less $ 500 million. That compares with $ 11.9 billion, or the average of forecasts of analysts compiled by Bloomberg. "" You are seeing signs in Europe and the United States are always on the road to recovery, "said Hiroichi Nishi, a manager of shares in Tokyo to SMBC Nikko Securities Inc."Which helped ease the nerves."Producers of raw materials today had the second advance between the subgroups of the index MSCI Asia Pacifique.Produits RiseBHP reached 1.2% $47.23, the second largest at boosting in the MSCI index. Rio Tinto Group, the world of the second - most large mining company by sales, 1.2% leading to a $83.12. Inpex Corp., of Japan more great oil and gas Explorer, have jumped from 3.1% to 601,000 yen. Producer offshore energy China CNOOC Ltd., gained 3% oil of 19.46.Crude of HK$ for June delivery gained 0.6% yesterday to $108.12 per barrel in New York after data of U.S. starts fueled speculation that may increase the demand for fuel. The London Metal Exchange Index six metals, including copper and aluminum increased by 1%, the largest gain of nearly two weeks.The MSCI Asia Pacific Index lost 2.5% this year through yesterday, compared to earnings of 4.4% by the & S P 500 and a decline of 0.5% by the Stoxx 600 Index of Europe. In the Asian benchmark stocks are valued at 12.9 times considers an average of the earnings, compared to 13.5 times for the S & P 500 and 11 times for the 1600 Stoxx Samsung sells UnitAmong other stocks rose, Samsung Electronicsbig manufacturer than chips of memory, 4.7% 916,000 won, the greatest support for the MSCI index advanced. Seagate Technology Plc agreed to buy hard disk drive business unprofitable of Samsung 1.38 billion, allowing Samsung to concentrate on its chip operations, the company said.LG Chem has also increased in Seoul, jump to 549,000 won 5.6%, its highest close on record. The petrochemical enterprise will support "high profitability" in the second quarter as plant maintenance by its rivals will limit supply at a time when the demand for chemical products is rising, Director General Kim Bahn Suk said yesterday investors. Net income rises to 656.6 billion won ($601 million) in the three months ending March 31 of 517.7 billion won a year earlier, the company said.LG Corp., the holding company of the Group LG of the Korea of the South including LG Chem climbed 10 per cent to 96,600 won in Seoul, the largest gain on the MSCI Asia Pacific Index, after Daishin Securities Co. said the shares are "grossly undervalued." The actions are directed to their highest close since January 2000.

-With the help of Satoshi Kawano in Tokyo. Editor: Brian Fowler, Nick Gentle.

To contact the reporters on this story: Anna Kitanaka in Tokyo at the akitanaka@bloomberg.net; Norie Kuboyama in Tokyo, at nkuboyama@bloomberg.net.

To contact the responsible editor of the story: Nick Gentle at ngentle2@bloomberg.net

View the original article here