Oppenheimer Lloyd CEO Pleased As Japanese Stocks Advance on New York Manufacturing Data.

June 17, 2010 - PRLog -- Canon Inc., which gets 27 percent of its sales from the Americas, jumped 3.9 percent. Advantest Corp., the world’s largest maker of memory-chip testers, gained 2.5 percent after Taiwan Semiconductor Manufacturing Co.’s projection for global demand boosted U.S. chip shares. Mitsubishi Corp., a trading company that gets 41 percent of its sales from commodities, climbed 2.3 percent after prices for oil and metals rose yesterday.

The Nikkei 225 Stock Average increased 1.8 percent to close at 10,067.15 in Tokyo. The broader Topix index rose 1.5 percent to 892.38 with all but one of its 33 industry groups gaining. Both gauges climbed for a fifth day, the longest streak of advances in at least five months.

“The continuing improvement in earnings will drive down valuations even further, so there is little concern that the market will decline,” said Hiroyuka Maruyama, Global Markets CEO at Oppenheimer Lloyd in Tokyo, which oversees about $6 billion in Tokyo. “We are bullish on the U.S. economy,” the Oppenheimer Lloyd CEO said.

Oppenheimer Lloyd was established as a diversified financial services company to bring innovative investment advice to both private and corporate clients across Asia and around the world. We provide a full range of brokerage services for investors globally.

We also offer extensive investment banking facilities tailored to the individual client's requirements. We take an industry-focused approach and complement this targeted expertise with transactional experts. This client-focused approach along with our experience, distribution capabilities, and complementary services has enabled us to become a leader in the investment banking industry.

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Oppenheimer Lloyd was established as a diversified financial services company to bring innovative investment advice to both private and corporate clients across Asia and around the world.