Nikkei hits three-week high on weak yen, Renesas jumps on Apple news
Quotes

Nikkei hits three-week high on weak yen, Renesas jumps on Apple news

Last Updated: Wednesday, April 02, 2014, 12:42
 
 Comment 0
 
Nikkei hits three-week high on weak yen, Renesas jumps on Apple news
Tokyo: Japan`s Nikkei share average rose to a fresh three-week high on Wednesday as sentiment was helped by a weakening yen, while Renesas Electronics Corp jumped on news that it is in talks with Apple Inc and other potential buyers to buy its stake in a smartphone display chip unit.

Renesas soared as much as 19 percent to 934 yen - its highest since March 2011 - before ending up 6.0 percent.

Renesas is considering selling its 55 percent stake in Renesas SP Driver which makes semiconductors that control displays, sources told Reuters.

The Nikkei ended up 1.0 percent at 14,946.32, the highest closing level since March 11.

The broader Topix rose 0.6 percent to 1,211.36. The JPX-Nikkei Index 400, a gauge comprised of companies with a high return on equity and robust corporate governance, added 0.6 percent to 10,966.92.




Reuters

First Published: Wednesday, April 02, 2014, 12:42


Comments


comments powered by Disqus
John Kery with Indian Biz Honchos
John Kery with Indian Biz Honchos
Honda Mobilio MPV
Honda Mobilio MPV
BRICS Annual Summit 2014
BRICS Annual Summit 2014
Tata Zest Standout Features: In Pics
Tata Zest Standout Features: In Pics
New car launches in July
New car launches in July

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved