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Tokyo shares rise on sturdy earnings

TOKYO, Aug. 10 (Xinhua) — Tokyo shares staged a sound rebound Thursday, buoyed by upbeat earnings stories from some main Japanese firms.

Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, rose 269.32 factors, or 0.84 %, from Wednesday to 32,473.65.

The broader Topix index, in the meantime, completed 20.94 factors, or 0.92 %, larger at 2,303.51.

Tokyo shares opened decrease however erased earlier losses and stayed in constructive territory all through the afternoon as buyers took cues from stable earnings stories and optimistic forecasts launched the day before today, sellers stated.

Nippon Sheet Glass rose 100 yen, or 15.6 %, to 739 yen, after the glass producer raised its earnings forecast by March subsequent 12 months on the constructive efficiency of its auto merchandise.

Oil explorer Inpex surged 301.5 yen, or 16.6 %, to 2,116 yen after saying a rise in dividends and share buybacks.