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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Japan's Nikkei slightly up on yen, Obama AP - Tuesday, January 20 TOKYO - Japan's key stock index rose slightly Monday as investors welcomed a dip in the yen, lifting electronics companies, automakers and other exporters The Nikkei 225 stock index added 26.70 points, or 0.3 percent, to close at 8,256.85 points. "A weaker yen inspired a sense of relief, prompting buying of electronics, autos and high-tech issues," said Mitsushige Akino, fund manager at Ichiyoshi Investment Management. He said Monday's gain was also driven by positive sentiment ahead of President-elect Barack Obama's inauguration on Tuesday, with hopes that his new administration will act boldly to revive the ailing U.S economy. The U.S. is a major export market for Japan. But gains were capped by growing expectations of bleak fourth quarter results from U.S. companies. The broader Topix index was flat at 817.73 points. Japan's top automaker Toyota Motor Corp. closed up 0.7 percent, Honda Motor Co. rose 4 percent and Sony Corp. added 0.2 percent. Toshiba Corp. jumped 6.5 percent amid reports it had won contracts to supply equipment for two nuclear plants being built in the U.S. The dollar was trading at 90.60 yen in Asia late Monday, down from 90.67 yen late Friday in New York, after retreating from above 90.80 yen earlier in the day. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business Singapore's K-REIT announces S$1 bln medium-term noteReuters - 41 minutes ago Oil prices drop as weak demand bitesAFP - 48 minutes ago Indian swaps steady; traders seek rate cuesReuters - 51 minutes ago Russia's Wimm-Bill-Dann secures credit lineReuters - 52 minutes ago China's Baosteel raises March prices after Feb hikeReuters - 1 hour 2 minutes ago Most Popular – Business Viewed 'Overwhelming emotion' at star-studded inaugural concert Zimbabwe unveils $100 trillion banknote 'Dogs don't wear condoms,' says Baywatch star Anderson Faulty gene condemns millions in India to heart disease: study Hamas announces one-week truce after Israel ceasefire View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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