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JAN 27, 2013 - MarketWatch

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Japan stocks lose opening gains amid earnings woes

LOS ANGELES (MarketWatch) -- Japanese stocks started higher Monday, as the dollar reached its highest point against the yen since June 2010, but quickly slid back to the flat line, with negative earnings news weighing on some names. The Nikkei Stock Average briefly breached 11,000 for the first time in almost three years, but then backpedaled to trade flat at 10,926.71, while the broader Topix benchmark held on to a 0.2% gain at 918.95. The weakened yen lifted many of the top exporters, with Sony Corp. jumping 4.6%, Pioneer Corp. adding 2.8%, Panasonic Corp. gaining 1.3%, Nissan Motor ... Read More

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