Japanese stocks february 2 2012

Japanese stocks february 2 2012 ; Japanese stocks rose, sending the Nikkei 225 Stock Average to a three-day advance, as expanding manufacturing in the U.S. and Europe boosted investor confidence in the global economic recovery.

Honda Motor Co., Japan’s second-largest carmaker by revenue, gained 1.8 percent after a jump in U.S. sales following an eight-month slump.

Nomura Holdings Inc. led brokerages higher, soaring 7.1 percent after posting an unexpected quarterly profit on asset sales even as trading commissions fell.

Sharp Corp. declined the most on the Nikkei 225 after forecasting a record loss on slumping prices for its Aquos televisions.

Yesterday’s manufacturing data was definitely good,” said Masaru Hamasaki, Tokyo-based chief strategist at Toyota Asset Management Co., which oversees the equivalent of $24 billion. “The global economy was largely swayed by European issues last year, but now it’s returning to a recovery phase.”

The Nikkei 225 rose 0.8 percent to 8,876.82 at the 3 p.m. close in Tokyo. The broader Topix Index gained 0.6 percent to 762.45, with about three shares advancing for every two that dropped. The Tokyo Stock Exchange’s trading of 241 stocks including Sony Corp. and Hitachi Ltd. resumed at 12:30 p.m. local time after a technical glitch halted some transactions in the morning session.For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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