Nikkei: 10,082.48 (+110.02) Hang Seng: 22,517.55 (-230.40) Shanghai Comp: 2,810.48 (-5.88)JAPANESE SHARES rose as factory production rebounded in May and a report showed companies plan to increase investment in plant and equipment at almost twice the estimated rate this year.
“Japanese stocks that are sensitive to the global economy are picking up and the fact that they’ve beaten May highs shows they’re starting to get over the effects of the earthquake disaster,” said Nobuyuki Kashiwabara, a fund manager at Mizuho Asset Management.
Japan Petroleum climbed 3.8 per cent to 3,920 yen, while larger rival Inpex added 1.7 per cent to 598,000 yen.
Mitsui, a trading house that counts commodities as its biggest source of profit, gained 2.2 per cent to 1,440 yen.
Mitsubishi, Japan’s biggest commodities trader by revenue, rose 1.2 per cent to 2,072 yen. Nintendo climbed 3.1 per cent to 15,900 yen.
Hong Kong stocks fell, led by Chinese banks. China Construction Bank fell 3.2 per cent to HK$6.27 while Bank of China declined 3.6 per cent to HK$3.72. Industrial and Commercial Bank lost 2.5 per cent to HK$5.78. – (Bloomberg)
