Nikkei: 9,442.95 (+62.60) Hang Seng: 22,868.67 (–80.89) Shanghai Comp: 2,745.52 (+17.50)TOKYO'S NIKKEI climbed from an 11-week low yesterday as industrial stocks rallied but there were losses in Hong Kong as investors returned following a holiday.
Tokyo Electric Power surged 4.7 per cent to ¥223 after the government said authorities were trying to avoid bankruptcy for the operator of the troubled Fukushima nuclear plants.
Toyota Motor advanced 2.2 per cent to ¥3,285 on a Nikkei report that the company plans to raise production of its Prius hybrid by 70 per cent due to robust demand.
Sony, Japan’s largest exporter of consumer electronics, fell 1.5 per cent to ¥2,031 over worries about another hacking attack against its network.
Canon slid 2.6 per cent ¥3,745 after the company ended its share buyback programme.
But Toshiba rose 3 per cent to ¥409 on reports the company was in talks with Sony to merge their small LCD panel operations for smartphones, tablet PCs and other mobile devices.
Hong Kong’s Hang Seng index fell 0.4 per cent. Industrial and Commercial Bank of China lost 3.8 per cent to HK$6.05. – (Copyright The Financial Times Limited 2011)
