Wednesday, October 25, 2006

Late night update: Nikkei advances; Honda shares rise on earnings

Asian stocks were broadly higher Thursday, led by markets in Taiwan and Japan as blue-chip Honda Motor Corp. rose after lifting its full-year earnings forecast while Inpex Holdings Inc. and other energy companies advanced on higher oil prices.
Investors also took heart after the Federal Reserve decided Wednesday to hold the key U.S. interest rate steady at 5.25%.
Japan's Nikkei 225 Stock Average (JP:1804610: news, chart, profile) rose as much as 1% to 16,857.58 in the afternoon session. The broader Topix index rose 0.8% to 1,666.60.

Off biotech but you have to diversify.

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