Japanese Stocks Advance as Bridgestone Surges on Profit
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Japan’s Topix Index rose a second day, reversing earlier declines, as Bridgestone Corp. jumped the most in four years to lead gains after boosting its outlook.
Bridgestone soared 10 percent after saying profit will rise 37 percent this year. Grandy House Corp. advanced 8.3 percent after the homebuilder said it will conduct a 3-for-1 stock split on April 1. JX Holdings Inc. rose 2.8 percent after winning approval for an oil project in the North Sea. Toyota Motor Corp., the world’s biggest carmaker, lost 0.9 percent as the yen strengthened against the dollar.