Japanese Shares Up Tuesday Morning

This press release Japanese stocks rose Tuesday after a positive report to gain the world’s largest producer of oil, have added to Wall Street, despite the continuing political turmoil in Egypt.

The benchmark Nikkei 225 Stock Average added 34.77 points, or 0.34 percent, to trade at 10,272.69 while the broader Topix index rose 3.42 points, or 0.38 percent, to 913.5. U.S. stocks got overnight as better than expected profits of ExxonMobil Corp.

Overshadowed investors’ concerns about events taking place in Egypt.Investors, however, remained cautious, still not sure that political instability will spread to other countries in the Middle East, said traders. The Nikkei fell more than 1 percent on Monday on fears that political instability in Egypt could hamper global economic recovery.

On currency markets at 9 am (0000 GMT), the dollar traded at 82.09 to 11 yen, little changed from Monday quoted at 82.03 yen from 05 hours 5. The euro traded at 1.3712-3715 dollars, compared to Monday’s $ 1.3621-3623 and 112.57-61 yen, up from 111.73 to 77 yen.

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