Sunday, 12 July 2015

Asia stocks mostly higher, but Greece uncertainty weighs

Nikkei 1.2 percent higher  
Japanese stocks got a boost after posting a near-4 percent loss for the week ending Friday despite a slightly stronger currency. The yen strengthened to 122 per dollar in early trade as investors flocked to the safe-haven asset.    Electronic exporter stocks were the biggest winners on the benchmark Nikkei, with Sony and Sharp soaring 4 percent each. But Nintendo and Toshiba bucked the trend.
The video game maker eased 0.2 percent announcing that president Satoru Iwata passed away, while reports emerged that Toshiba's president may resign over an accounting scandal. 

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