Wednesday, July 11, 2007

Japan's Stocks Gain, Led by Exporters; Komatsu Gains, Tokyo Electron Falls

(Bloomberg) -- Japanese exporter shares such as
Komatsu Ltd. advanced after the yen declined against the dollar
and euro and U.S. Federal Reserve officials said the world's
biggest economy will weather the housing slump.

Tokyo Electron Ltd. fell after saying its first-quarter
orders dropped 35 percent as makers of memory chips delayed
spending. Electric component makers including Murata
Manufacturing Co. declined after Motorola Inc. said it had a
quarterly loss and sales missed the forecast for the third time
this year.


Read more at Bloomberg Stocks News

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