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6981 - Murata Manufacturing Co News Story

¥9194 87.0  1.0%

Last Trade - 3:30am

Sector
Industrials
Size
Large Cap
Market Cap £38.84bn
Enterprise Value £37.70bn
Revenue £10.56bn
Position in Universe 18th / 3900

Japan shares rise on Wall Street gains; Apple suppliers shine

Wed 16th December, 2020 3:14am
TOKYO, Dec 16 (Reuters) - Japanese stocks rose on Wednesday
after a strong performance by Wall Street overnight on stimulus
bets, while shares of Apple suppliers firmed following a report
about the iPhone maker's plans to increase its production.
    The Nikkei share average  .N225  climbed 0.3% to 26,767.74
by the midday break. The broader Topix  .TOPX  gained 0.29% to
1,787.26.
    All but nine of the 33 sector sub-indexes on the Tokyo
exchange traded higher, with paper and pulp  .IPAPR.T ,
nonferrous metals  .INFRO.T  and other financial  .IFINS.T 
being the three top performers on the main bourse.
    Overnight, all three major U.S. stock indexes ended higher,
with the Nasdaq notching a record close, on the back of growing
prospects of more fiscal stimulus and helped by a 5% jump in
Apple Inc  AAPL.O .
    The Nikkei business daily reported Apple had asked its
suppliers to increase their production of iPhones by nearly 30%
in the first half of 2021, citing unnamed sources.  urn:newsml:reuters.com:*:nL4N2IV1FC
    Among the largest percentage gainers in the Nikkei index,
Apple supplier Alps Alpine  6770.T  soared as much as 7%. 
    TDK Corp  6762.T  climbed 2.04% and Taiyo Yuden  6976.T 
rose 1.08%, while Murata Manufacturing  6981.T  gained nearly
2.4% before changing course to slip 0.44%.
    Some market participants said investors were in a
wait-and-see mode ahead of the U.S. Federal Reserve's policy
decision  later in the day.
    In its final policy meeting of the year, the U.S. central
bank is expected to keep its key overnight interest rate pinned
near zero and signal it will stay there for years to come.
 urn:newsml:reuters.com:*:nL1N2IU20H
    Toa Oil  5008.T  was last untraded with a glut of buy orders
at a daily-limit high, after Idemitsu Kosan  5019.T  said it
would launch a tender offer for the company. Idemitsu Kosan rose
1.08%.  urn:newsml:reuters.com:*:nFWN2IU13V
    Elsewhere, shares of consumer electronics maker Balmuda Inc
 6612.T  were also untraded with a glut of buy orders in their
Tokyo debut.  urn:newsml:reuters.com:*:nT9N28R01S

 (Reporting by Eimi Yamamitsu; Editing by Subhranshu Sahu)
 ((eimi.yamamitsu@thomsonreuters.com;))
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