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


13/04/2012 10:14 AST

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

Bloomberg
Global News
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | News Archive
Most Viewed Companies
Ticker Price Volume
SABIC 82.5 1,814,645
SIPCHEM 14.3 37,804
RIBL 11.1 59,990
GFH 0.24
EEC 29.2 209,209
QNBK 138 58,538
ALMARAI 55.25 32,765
Recent News

SABIC highlights innovation with details
The SABIC Sustainability Report 2015, entitled Enabling Tomorrow’s Solutions, released today, features the company’s sustainability achievements throughout the world and highlights how SABIC is setti

Service excellence ‘key to Islamic finance growth’
Excellence in customer experience while embracing the true spirit of Sharia and human resource development are key differentiators that will sustain the growth momentum of the Islamic finance industr

Nass offers technical support for clients
Nass Commercial, a division of Nass Corporation and the authorised distributor of Massey Ferguson (MF) Power Series generators held a regional technical seminar for its clients and contractors at Dip

Retired workers to invest OMR4m in small businesses in Oman
Retired employees from defence service, who recently received entrepreneurial training from SME Development Fund and Ministry of Defence, plan to collectively invest OMR4 million for developing small

Truck Oman subsidiary to build integrated logistics centre in Duqm
An integrated logistics centre will be developed by Truck Oman Projects and Oilfield Services Company, a group company of Truck Oman.

The Special Economic Zone Authority Duqm (Sezad) and T

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

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?