Friday, January 31, 2014

Epic Research Singapore : Forex Market Update

Japanese stocks advanced in early trade Friday, with the export-oriented market aided in part by easing in the yen USDJPY -0.20% against the U.S. dollar. The Nikkei Stock Average JP:NIK -1.03% rose 0.7% to 15,116.9, but faced a weekly loss of 1.8%. The broader Topix in early trade was up 0.6%. Standing out were shares of NEC Corp. JP:6701 +8.89% NIPNF -7.27% , rallying 9.3% after the company said it plans to book ¥27 billion ($262.7 million) gain in the fiscal year ending March on the sale of its Internet services operations Biglobe Ltd. to Japan Industrial Partners. Also climbing were shares of Fujitsu Ltd. JP:6702 +10.55% FJTSY +5.22% , up 8.2% after the company swung to a third-quarter profit of ¥12 billion.  

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