Nikkei snaps four-day losing streak

Posted by 7Star Friday, January 29, 2010

Japan's Nikkei average rose 1.6 percent to snap a four-day losing streak on Thursday, with upbeat reports on profits at Honda Motor and Sony Corp adding to momentum from strong earnings at other big name stocks such as Canon. But Toyota Motor Corp slid on concerns about its suspension of US sales of key car models, while Nippon Steel fell after halving its full-year profit forecast to below the market consensus.

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