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Latest Business News

Japanese Stocks Up; Dollar Rises vs. Yen

Thursday, December 08, 2005 11:31:09 PM

A man stops his bicycle and looks at stock prices marked with minus signs in downtown Tokyo Thursday, Dec. 8, 2005. Japanese stocks dropped Thursday as traders took profits in stocks that have rallied recently, and ahead of revised third-quarter economic growth figures due Friday. The benchmark Nikkei 225 index fell 301.30 points, or 1.95 percent, to finish at 15,183.36 points on the Tokyo Stock Exchange. (AP Photo/Koji Sasahara)TOKYO (AP) - Japanese stocks edged higher Friday morning as the market bounced back from an early loss after the government announced a downward revision of third quarter economic growth figures. The U.S. dollar rose against the yen.

The benchmark Nikkei 225 index rose 35.99 points, or 0.24 percent, to 15,219.35 points at the end of morning trading on the Tokyo Stock Exchange.

Stocks took a hit after the government reported that the country's economy grew at an annual pace of 1 percent in the July-September quarter, down from a preliminary figure of 1.7 percent.


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