Financial Times FT.com

Muted gains on battered Asia markets

By Lindsay Whipp in Tokyo

Published: June 11 2008 06:34 | Last updated: June 11 2008 11:29

Asia-Pacific equities were mixed on Wednesday, still smarting after Tuesday’s sell off over inflationary and credit crisis worries. Declines in crude oil weighed on energy stocks across the region, while

The Nikkei 225 gained 1.2 per cent at 14,183.48, while the broader Topix edged up 0.5 per cent to 1,390.03. The dollar rallied against the yen overnight and was recently trading at 107.51, the strongest in about 3½ months. That helped exporters record some gains, with Toyota rising 2.4 per cent to Y5,550, Nissan gaining 2.5 per cent to Y959 and Canon, which increased 3.4 per cent to Y5,520.

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