Japan stocks up

Published Jul 15, 2011

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Japanese shares climbed in Friday morning trading as internet stocks were buoyed by Google Inc's better-than-estimated earnings report.

The benchmark Nikkei 225 Stock Average gained 19.45 points, or 0.2 per cent, to trade at 9,955.57. The broader-based Topix index was up 1.22 points, or 0.14 per cent, at 858.1.

Japanese internet companies, such as Yahoo Japan Corp and Trend Micro Inc, rose after the US internet search giant said Thursday that its second-quarter sales rose 32 per cent from a year earlier and net profit jumped 36 per cent, bolstered by robust search advertising.

Yahoo Japan surged 2.49 per cent, and Trend Micro climbed 1.03 per cent.

On currency markets at 11 am (04:00 SA time), the dollar traded at 79.05-10 yen, flat from Thursday's 5 pm quote of 79.05-07 yen.

The euro traded at 1.4182-4187 dollars, down from 1.4202-4203 dollars Thursday, and at 112.16-20 yen, down from 112.27-31 yen. - Sapa-dpa

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