Japanese stocks advanced, reversing earlier losses, as euro-area leaders agreed to ease repayment rules for emergency loans to Spanish banks and relax potential aid for Italy at a regional summit dealing with the debt crisis.
Canon Inc., a camera maker that depends on Europe for almost a third of its sales, rose 1.6 percent. Nomura Holdings Inc. climbed 4.6 percent as investor bought shares ahead of a press conference today to discuss an internal probe on insider trading. Sparx Group Co. surged 18 percent after the asset manager won a state contract to start a renewable energy fund.
“Many investors didn’t expect European leaders to make any progress at the summit, but aggressive action was the result,” said Yoshihiro Ito, chief strategist at Okasan Online Securities Co. in Tokyo.
The Nikkei 225 Stock Average (NKY) rose 1.1 percent to 8,974.76 as
http://www.bloomberg.com/news/2012-06-29/japan-stocks-fall-on-industrial-output-european-standoff.html
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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