TOKYO, Nov 6 (Reuters) - Japan's Nikkei average rose, driven
by gains in Toyota Motor Corp after the automaker
lifted its earnings guidance, while companies that have been
battered after disappointing earnings also bounced.
The Nikkei was up 0.8 percent at 14,337.31 after
trading as low as 14,130.86 earlier in the session. But the
benchmark is still down 3.1 percent from a three-week high
touched on Oct. 23.
Toyota bounced from morning losses, advancing 0.5 percent
after public broadcaster NHK said the carmaker would raise its
operating profit forecast to 2.2 trillion yen ($22.3 billion)
from its previous estimate of 1.94 trillion yen.
The automaker confirmed the revised forecast after the
Peer Nissan Motor Co Ltd rose 2.8 percent,
recouping some of the previous session's 10.4 percent slump
after it cut its annual earnings guidance, facing a slowdown in
emerging markets and quality issues.
Industrial robot maker Fanuc Corp gained 1.5
percent, on track to snap a five-day losing streak after its
quarterly orders disappointed investors.
But mobile operator SoftBank Corp, an index
heavyweight, was down 2.1 percent, giving up some of the 5.6
percent rally in the previous two sessions on the back of its
strong first-half earnings.
Fast Retailing Co Ltd, the second top-weighted
loser after SoftBank, eased 0.8 percent after it said same-store
sales at its Uniqlo causal clothing chain in Japan fell 13.8
percent last month because of warmer-than-usual temperatures and
typhoons that discouraged shoppers.
The broader Topix index added 0.8 percent to
1,192.16, with 2.58 billion shares changing hands, the lowest in
- Investment & Company Information
- Toyota Motor Corp