Japan's Nikkei average gained 0.9 percent on Tuesday following U.S. manufacturing data that reinforced hopes that demand will stabilise, while automakers such as Toyota and Honda climbed after General Motors' bankruptcy filing removed some uncertainty from the market.
Nomura Real Estate (3231.T) slid 3.6 percent to 1,605 yen after the company said it plans to raise 64 billion yen ($660 million) by offering new shares.
General Motors (GM.N) filed for bankruptcy protection on Monday as the Obama administration took the first steps to try to revive a failed icon of American industry by extending unprecedented federal funding and oversight.
Monday, June 1, 2009
Nikkei Gains
Labels: Japan, Stock Markets
Posted by Danny Brookes at 9:18 PM
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