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FEB 05, 2013 - MarketWatch

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Japan stocks shoot higher as yen sinks further

LOS ANGELES (MarketWatch) -- Japanese stocks snapped back to gains early Wednesday, with fresh multiyear lows for the yen and strong results from Toyota Motor Corp. powering a rally, with car shares among the leading advancers. The Nikkei Stock Average surged 2.3% to 11,304.77, wiping away the previous session's 1.9% loss, while the broader Topix benchmark climbed 2.2%. After starting the day bid-only, shares of Toyota rallied 4% as investors cheered the top car maker's 23% rise in quarterly profit and full-year forecast hike. Even stronger stock gains came for Mitsubishi Motors Corp. , ... Read More

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