Japan Stocks Rise After Rocket Fails, Pare Gains on China GDP


13/04/2012 10:14 AST  Bloomberg

Japanese stocks rose, with the Nikkei 225 (NKY) Stock Average rising the most in two weeks, after a North Korean rocket launch failed and Fast Retailing Co. forecast record profit. Shares pared gains as slower growth in China tempered optimism from a surge in new lending.

Fanuc Corp., which provides robotics for mainland factories, pared gains to 2.8 percent after the China gross domestic product report. Canon Inc., a camera maker that gets 27 percent of its sales in the Americas, advanced 1.3 percent after the U.S. Federal Reserve signaled interest rates will remain low. Fast Retailing Co. (9983), Asia’s biggest clothier, jumped 8.6 percent.

“It’s better to have it fail than succeed,” said Masahiko Ejiri, a senior fund manager in Tokyo at Mizuho Asset Management Co., which oversees $39 billion, speaking of North Korea’s unsuccessful rocket launch. “Even if they do build a nuclear weapon, it doesn’t matter if they can’t make it fly.”

For more on this Click Here

Global News
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | News Archive
Most Viewed Companies
Ticker Price Volume
SAGRINSURANCE 31.43 684,557
RIBL 17.68 3,536,890
ALMARAI 92.32 649,378
SABIC 95.75 7,513,096
JAZIRATKFL 55.23 659,812
EEC 40.7 20,700,282
SAFCO 118.77 1,318,599
Recent News

Petchem stocks in limelight, SABIC UP 9.8%
On Sunday, Saudi stock market posted its largest intra-day increase (four percent) of 2015. The benchmark Tadawul All-Share Index surged 433 points just after Sunday’s opening bell and finally added

Savola announces five percent cash dividens for 1st Q 2015
In a continuation of its declared policy to distribute quarterly dividends to its shareholders and due to the net profit reported during the 1st quarter, 2015, which amounted to SAR 470.5 Million, Th

Nakilat first quarter 2015 net profit higher 7.7 percent
Qatar Gas Transport Company (Nakilat) disclosed the interim financialstatement for the three month period ended March 31, 2015. The financial statements revealed a net profit of QR 222.4 Million inco

Al Khaleej Takaful net profit announced
Al Khaleej Takaful Group disclosed the interim financial statement for the three month period ended March 31, 2015. The financial statements revealed a net profit of QR 24.5 Million in comparison to

Qatar Islamic insurance 1st Q 2015 net profit reaches QR33.3 mil
Qatar Islamic Insurance Company disclosed the interim financial statement for the three month period ended March 31, 2015. The financial statements revealed a net profit of QR 33.3 Million in compari

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Which of the following do you think is the best long-term investment?