BREAKING NEWS: Attorney General Barr releases letter summarizing Mueller report


Japan Stocks Swing Back To Gains, Helped By Yen, Data

MarketWatch Pulse

Japanese stocks cracked higher in early Tuesday action, with the Nikkei Stock Average up 0.8%, erasing the previous session's 0.6% loss, while the Topix made a 0.5% advance. Modest gains for U.S. shares overnight, a somewhat weaker yen (with the dollar at �114.97, up from �114.05 at Monday's stock close), and data showing a better-than-expected rise for Japan's current-account surplus all helped to fuel the advance. The blue-chip exporters led the gains, with Nikon Corp. up 1.6%, Sharp Corp. up 1%, Nintendo Co. up 1.4%, Seiko Epson Corp. up 1.3%, Toyota Motor Corp. up 1.1%, and Nissan Motor Co. up 1.7%. Telecoms also strengthened, as NTT DoCoMo Inc. bounced 1.4% higher -- coinciding with the unveiling of its new Jspeak translation service -- while KDDI Corp. added 2%, and Softbank Corp. rose 1.6%. Stock in Sony Corp. inched 0.1% higher, failing to make much hay from its President Kazuo Hirai telling the Nikkei that a turnaround plan for Sony's ailing smartphone business will be in place by March. And Bridgestone Corp. fell 1.3% after an earnings report that included declines in China and Europe sales.

Copyright © 2014 MarketWatch, Inc.

Continue Reading Below