BANGKOK - top car manufacturers of the Japan shares received a boost Friday blow after a key auto parts supplier announced the rapid recovery of certain operations which had been interrupted after the devastating earthquake of last month.
Renesas Electronics Corp., a key supplier of microprocessors control the brakes, engines and transmissions, said operations would resume June 15 at its plant in Naka, Ibaraki Prefecture, where production was temporarily halted after the March 11 earthquake and the tsunami havoc in the northeast of the Japan.
Renesas had said earlier that it intended to restart partial manufacture at Naka plant in July. The company said that it works "with more than 2,000 additional support workers sent by the external Renesas Electronics companies to accelerate the resumption of production as much as possible."
"Appendix implies a stable source of electrical energy and no additional damage subsequent replicas," the company said.
The new assisted help lift of the shares in the automotive sector of the Japan, which was severely hampered after the earthquake caused a huge tsunami which violently in the northeast coast of the Japan, killing approximately 27 000 people. The region has allowed a vast network of suppliers of auto parts have wiped off the map in the disaster.
Index Nikkei 225 of the Japan closed marginally, less than 4 points, at 9,682.21, with automotive manufacturers, display of gains. Toyota Motor Corp. has increased by 3.1%, Honda Motor Corp. bumped 2.3% and Nissan Motor Corp. jumped 3.6%.
However, some large Japanese exporters slipped as the yen gained against the dollar. Canon Inc. fell 1.4 percent, and Sony Corp. fell by 1.2%.
The Nikkei was one of a few exchanges open in Asia during the day Friday.
The southern ABN Korea index was flat at 2,197.82, and index Composite of mainland China Shanghai slid 0.5% at 3,010.52 as investors booked profits after a week of gains. The smallest Composite's Shenzhen index decreased by 0.6% to 1,274.73. Taiwan TAIEX increased by 0.1% to 8,969.43.
Markets in Hong Kong, India, Philippines, Australia, New Zealand and Singapore were closed.
On Wall Street, strong earnings of major companies such as Apple Inc. and UnitedHealth lifted stocks broadly higher Thursday. Gains were distributed on the market, with all the 10 company groups that make up the S & P 500 index the day with gains in closing.
The Dow rose 52 points to close at 12,506. The S & P 500 rose 7 points to 1 337. The Nasdaq reached 18 points to 2,820.
The euro rose $1.4560 from $1.4544 late Thursday in New York. The dollar remained unchanged at 81.90 yen.
Markets will be closed on Friday at the United States and in most of Europe for the Friday holiday. Oil was resold in Asia because of the feast.
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