Roundup: Tokyo stocks rise on JPMorgan data, China growth (3)

19:22, April 15, 2010      

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GS Yuasa Corp. climbed 2.8 percent to 688 yen after it said its joint venture with Mitsubishi Motors Corp. would spend 37.5 billion yen (402.2 million U.S. dollars) to build its third lithium ion battery plant in Japan, anticipating growing demand for electric vehicles.

Toyota Corp. skidded down however amid new safety issues concerning its high-end Lexus GX 460 sport utility vehicle.

The world's largest automaker fell 0.8 percent to 3,710 yen following a report in a New York magazine claiming the vehicles could roll over when cornering at high speed. Toyota has halted global sales of the vehicle and is looking into possible similar glitches in other SUV's electronic stability control systems.

Some 2.36 billion shares changed hands on the Tokyo exchange's first section, up from Wednesday's volume of around 2.33 billion shares.

Advancing issues outnumbered declining ones on Wednesday by 1, 057 to 457.

Source: Xinhua
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