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Japanese Stocks Rise; Dollar Up vs. Yen

Friday, June 29, 2007 3:05:55 AM

A woman walks past a stock indicator in Tokyo Monday, June 25, 2007. Japanese stocks fell Monday for a second straight session, as investors took profits following last week's rise to a seven-year high. The Nikkei 225 index shed 101.15 points, or 0.56 percent, on the Tokyo Stock Exchange to 18,087.48 points.  (AP Photo/Shizuo Kambayashi)TOKYO (AP) - Japanese stocks climbed Friday for a second straight session, as upbeat analysts' ratings prompted investors to snap up Toshiba and Takeda Pharmaceutical.

The Nikkei 225 index rose 206.09 points, or 1.15 percent, on the Tokyo Stock Exchange to 18,138.36 points. It was the biggest point rise in the index for June. On Thursday, the index gained 0.47 percent.

Predictions of higher-than-expected profit growth in the July-September quarter at precision equipment makers, auto companies and steel and other material producers should push the Nikkei toward 19,000, said Shigeharu Shiraishi, a managing director at Societe Generale Asset Management.


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