TOKYO, Jan 15 (Reuters) – Japan’s Nikkei share average tracked a rise in global equities and advanced on Monday, although the dollar’s weakening against the yen capped gains.
The Nikkei ended 0.26 percent higher at 23,714.88 for its first session of gains in four days.
Index heavyweight SoftBank Group Corp rose as much as 5.8 percent after the Nikkei business daily reported that the telecoms conglomerate plans to list its mobile-phone business this year in an initial public offering.
While SoftBank gained, exporters including Tokyo Electron , Komatsu and Suzuki Motor Corp dipped amid the dollar’s depreciation.
Of Tokyo’s 33 subindexes, 23 were in positive territory, led by securities and real estate.
The broader Topix added 0.4 percent to 1,883.90. (Reporting by the Tokyo markets team; Editing by Simon Cameron-Moore)
The Wider Image App
Explore the world through captivating visual stories by award-winning Reuters photojournalists. This immersive app for iPad reimagines news photography to bring images and information to life.
The Wider Image is a winner of 25 awards for innovation, photojournalism and design and an iTunes Editors Choice.
The Wider Image is also available as a responsive site at widerimage.reuters.com
- Discover What Matters: Uncover stories, people and places you never knew existed. New visual reports added daily to the wealth of work.
- Lean in and Learn: Get more context on every story – interact with image sequences, read expanded facts, swipe between the before and after, hear words and sounds.
- Meet the Storytellers: Get to know the photographers with behind the scenes images and insights. Follow your favorites to see new work as it is added.
- Show and Tell: Enjoy stunning photojournalism on your television for all to see via Apple TV. Share stories with confidence they look great on any device.
DETROIT Ford Motor Co will significantly increase its planned investments in electric vehicles to $11 billion by 2022 and have 40 hybrid and fully electric vehicles in its model lineup, Chairman Bill Ford said on Sunday at the Detroit auto show.
Neither U.S. District Judge Jesse Furman nor the 2nd U.S. Circuit Court of Appeals thought much of Louis Vuitton’s trademark and copyright case against a small company that sold canvas tote bags riffing on Vuitton’s hallowed toile monogram design. Judge Furman granted summary judgment (156 F.Supp.3d 425) to My Other Bag in January 2016, holding that the canvas totes were an “obvious” parody that, if anything, enhanced the power of Vuitton’s brand. The 2nd Circuit affirmed (674 Fed.Ap