Market Report – Japanese Companies Up

In today’s market report… a weaker yen ahead of a Bank of Japan meeting this week lifted exporters like camera-maker Canon on Monday, while most Asian markets saw profit-taking.

The Nikkei was flat to lower overall after gaining nearly 4 percent last week, but the Japanese currency eased on ideas the central bank may ease policy to try to address
falling prices.

Toyota was supported by the Japanese currency’s lower tone against the dollar, despite news a U.S. prosecutor filed the first consumer protection lawsuit against the world No. 1 over its safety issues.

Other Asian share markets edged back from near seven-week highs.

In Hong Kong, China Shenhua Energy dipped after the world’s most valuable coal producer warned that policies from Beijing could raise its costs.

On the acquisition front, CNOOC, China’s biggest offshore oil explorer, rose after planning a $3.1-billion, 50-percent stake in a subsidiary of Argentina’s Bridas Energy.

Australia’s Arrow Energy, meanwhile, is reportedly set to reject a joint $3 billion bid from PetroChina and Royal Dutch Shell as too low.

Foto: NTDTV