Nikkei 225 Advances as Improving U.S. Data Trumps Europe Concern
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Japan’s Nikkei 225 Stock Average rose, set to snap a three-day losing streak, after U.S. unemployment claims fell to the lowest level in three years, easing concern Europe’s debt crisis will drag the global economy into a recession.
Fanuc Corp., the world’s biggest maker of factory robots, added 1.3 percent. Nippon Yusen K.K. led gains among shipping lines after Citigroup Inc. said the industry is likely to outperform next year. Olympus Corp. fell 3.6 on speculation the camera-maker will struggle to rebuild capital after it inflated its assets by $1.3 billion.