Japanese stocks advanced, sending the Topix Index up for a seventh day, as the yen weakened and technology companies rose after Apple Inc. reported record sales and profit.
Sony Corp., Japan's biggest exporter of consumer electronics, gained 4.8 percent. Toshiba Corp., a supplier of chips for Apple's iPad, rose 1.8 percent. Toyota Motor Corp. climbed 3 percent after a report that Nippon Steel Corp. agreed to cut material prices for Japan's biggest carmaker.
The Topix, the country's broadest equity gauge, climbed 1.3 percent to 767.40 at the 3 p.m. close in Tokyo, its longest winning streak since July 6. The Nikkei 225 Stock Average rose 1.1 percent to 8,883.69, its highest since Oct. 31. (BusinessWeek)
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