Friday, June 12, 2009

Tokyo breaches 10,000 level as Shanghai skids after data

HONG KONG (MarketWatch) -- Asian shares ended mostly higher Friday, led by Tokyo where the Nikkei benchmark closed above the 10,000 level for the first time in more than eight months.

China shares were among the biggest regional decliners, uninspired by upbeat figures on industrial output and retail sales for May that had been widely circulated in reports days ahead of Friday's official release.

Sentiment in Japan improved on data showing that industrial output in the No. 2 global economy rose 5.9% during April from March, better than the government's preliminary reading of a 5.2% increase.

By Chris Oliver, Rosalind Mathieson & Kirsty Green

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