Tuesday, April 19, 2005

Japan stocks make small recovery

by Brian Turner

Stocks in most sectors of the Japanese markets were higher on Tuesday. This included airline and technology stocks.

The airlines had earlier seen large losses amid a great number of cancelled business and holiday flights to China the fears of many Japanese that travel in China would be unsafe in the wake of recent anti-Japanese demonstrations.

Japan Airlines rose ¥7 to ¥338, and air transport shares generally rose by an average of 2 percent.

Japanese technology stocks higher went higher as well on Tuesday after Monday‘s news from Texas Instruments that their first-quarter profits had shown a rise of 12 percent.

Information and communication stocks rose by an average of 0.9 percent.

The rebound in the Tokyo markets was small compared to the losses there last week due to continued concerns about future economic growth in the United States as well as worry over continuing tensions between Japan and China.

The Nikkei 225 closed at 11.066, up 1.2 percent, compared to losses of 7.1 percent since last Monday. The Topix index was up by 1.55 percent, to 1,127.

 

 

 

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