Tokyo Shares End Higher As iPhone Sales Kick Off, JAL Tumbles

September 21, 2012 9:11 am

TOKYO–Tokyo stocks ended higher in tepid trading Friday, as buying in defensive shares such as Japan Tobacco was complemented by enthusiasm for mobile phone retailers Softbank and KDDI as sales of Apple’s iPhone 5 kicked off amid much fanfare.
The bullishness was enough to offset euro weakness earlier in the session and a plunge in Japan Airlines shares.
The Nikkei Stock Average added 23.02 points, or 0.3%, to 9110.00 following the prior session’s 1.6% fall. For the week, the index slipped 0.5%, but is remains up 0.3% for September and up 7.7% year-to-date.
The Topix index of all the Tokyo …

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