Sun, Feb 29, 2004 - Page 11 News List

Asian shares: Japan, HK, S Korea gain this month

SPENDING RISES Shares gained for the third month in a row because of higher household spending and a fall in the jobless rate, buoyed by positive talks of mergers

BLOOMBERG

Toyota, the world's biggest automaker by market value, jumped 9 percent this month, after dropping 4.4 percent in January. In the three months ended Dec. 31, currency movements trimmed Toyota's operating profit by 80 billion yen (US$733 million), with the yen's increase against the dollar costing 100 billion yen.

Meanwhile, industrial production grew a seasonally adjusted 1.1 percent in January from December, more than the median 0.8 percent increase forecast in a Bloomberg News survey.

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