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JAN 24, 2013 - MarketWatch

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Japan stocks rally as yen hits fresh multiyear low

LOS ANGELES (MarketWatch) -- Japanese stocks scored their latest opening rally Friday, with exporter shares surging as the yen hit its lowest point against the U.S. dollar since June 2010. The Nikkei Stock Average traded 1.9% higher at 10,824.95, with the Topix up 1.7%. Blue-chip exporters led the gains in what's become a recent pattern since the yen began its descent late last year. Sony Corp. rocketed 5.1% upward, with Hitachi Ltd. climbed 2.3%, Panasonic Corp. advanced 2.7%, and Trend Micro Inc. gained 3.1%. In the auto space, Nissan Motor Co. jumped 2.8%, Toyota Motor Corp. ... Read More

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