Tokyo stocks end higher

By AAP

Skymark's Tokyo-listed shares skyrocketed 27. 77 per cent to finish at Y230. 0, despite AirAsia chief executive Tony Fernandes saying that he had "never seen such rubbish". "AirAsia has no interest in Skymark in Japan," Fernandes wrote on Twitter. "There have been no discussions with Skymark," he added.

A weakening yen, which boosts the profitability of Japanese exporters, helped lift the overall market in the absence of other major trading cues, dealers said. "There's still quite a dearth of trading cues to power the broader market, but with a stronger dollar, investors are reflexively less likely to sell," said Investrust chief executive Hiroyuki Fukunaga.

Sumitomo Mitsui Financial Group shares rose 1. 00 per cent to Y4,126. 0 after the lender said it had bought a 12. 25 per cent stake in Cambodia's Acleda Bank for about Y10 billion ($A105. 55 million). Sony shares climbed 1. 94 per cent to Y1,913. 5, Toyota inched up 0. 16 per cent to Y5,985. 0, while Uniqlo clothing chain operator Fast Retailing rose 0. 47 per cent to Y32,850. 0.

Read more here: Business Spectator

    

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