By Myra P. Saefong
JP:6305 HTCMY JP:7270 FUJHF JP:5701
TOKYO (MarketWatch) -- Japanese shares climbed Monday morning in Tokyo, finding support after China's decision over the weekend to ease the yuan's de-facto peg against the U.S. dollar. The Nikkei Stock Average added 1.6% to 10,158.23 after tapping a more than one-month high of 10,162.17. The broader Topix was at 896.23, up 1.3%. Metals and construction shares were among the larger gainers, with China's yuan move expected to boost Chinese economic demand.
JP:6305 HTCMY JP:7270 FUJHF JP:5701
TOKYO (MarketWatch) -- Japanese shares climbed Monday morning in Tokyo, finding support after China's decision over the weekend to ease the yuan's de-facto peg against the U.S. dollar. The Nikkei Stock Average added 1.6% to 10,158.23 after tapping a more than one-month high of 10,162.17. The broader Topix was at 896.23, up 1.3%. Metals and construction shares were among the larger gainers, with China's yuan move expected to boost Chinese economic demand.
Shares of Hitachi Construction Machinery Co. (JP:6305 1,755, -16.00, 0.90%) /quotes/comstock/11i!htcmy (HTCMY 0.00, 0.00, 0.00%) were up 5.2%, Fuji Heavy Industries Ltd. (JP:7270 536.00, -5.00, -0.92%) /quotes/comstock/11i!fujhf (FUJHF 5.00, -0.60, -10.71%) climbed 3%, and Nippon Light Metal Co. Ltd. (JP:5701 129.00, -1.00, -0.77%) added 2.3%. Elsewhere, South Korea's Kospi was up 1.6% in early dealings.
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