23 May 2005, 15:11  Tokyo stocks finish up 121 at 11,159

Tokyo's stock prices on Monday were boosted by the advance of U.S. stocks but most other Asian markets ended down. Japan's Nikkei Stock Average of 225 selected issues gained 121.36 points, or 1.10 percent, closing at 11,158.65. On Friday, the index shed 39.87 points, or 0.36 percent. Traders bought technology shares after their U.S. counterparts rose Friday. Tech companies and car markers were also lifted by the U.S. dollar's strength against the Japanese yen, which raises the value of their overseas earnings when converted to yen. Matsushita Electric Industrial Co., Canon Inc., Kyocera Corp. and Sony Corp. edged higher, as did Honda Motor Co., Nissan Motor Co. and Toyota Motor Co. Banking shares rose as Mizuho Financial Group's earnings report showed a 54 percent jump in net profits for the fiscal year that ended March 31. In currency trading, the dollar advanced against the yen and the euro. The greenback bought 107.98 yen late Monday in Tokyo, up 0.47 yen from late Friday in Tokyo but below the 108.19 yen it fetched in New York late Friday. The blue-chip Hang Seng Index declined 18.29 points, or 0.13 percent, to 13,699.13. On Friday, the Hang Seng rose 18.49 points, or 0.1 percent.

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