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Japanese Stocks Rise; Sony Reaches Highest in More Than 4 Years

Sony, the maker of the Playstation 3 game console, jumped 230 yen, or 3.8 percent, to 6,230, the highest close since July 9, 2002. Matsushita Electronic Industrial Co., which sells Panasonic-brand products, added 20 yen, or 0.9 percent, to 2,380. NEC Corp., the nation's largest personal-computer maker, climbed 20 yen, or 3.3 percent, to 627.

Koya Tabata, an analyst at Credit Suisse in Tokyo, raised his recommendation on the consumer electronics industry to ''overweight'' from ''market weight'' in a note to clients dated yesterday. Tabata named Sony as his top pick.
THE TRUTH - contributor
Published: 692 days 23 hours ago | News | PlayStation 3 | Sony PSP | PlayStation 2 | Industry News
 
 
 

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