Japan Hot Stocks-Exporters, Hitachi Zosen

TOKYO, June 7 (BestGrowthStock) – The benchmark Nikkei average
(.N225: ) dropped 3.2 percent and the broader TOPIX (.TOPX: ) slid
2.8 percent on Monday.

The following stocks were on the move:
**EXPORTERS HIT BY STRONGER YEN ON U.S. DATA, EURO DEBT CRISIS**

Shares of exporters lost ground hit by a sharply stronger yen
after disappointing U.S. jobs data further spooked investors
already worried about a potential debt crisis in Hungary and sent
Wall Street to its lowest close since February.

Digital camera maker Canon Inc (7751.T: ) lost 4.5 percent to
3,705 yen and chip-tester maker Advantest Corp (6857.T: ) dropped
5.2 percent to 1,995 yen. Honda Motor Co (7267.T: ) slid 4 percent
to 2,713 yen.

In early Asia trade, the euro brushed an 8-1/2-year low of
108.58 yen (EURJPY=R: ), while the single currency fell as far as
$1.1911 (EUR=: ), its lowest since March 2006.

Many Japanese exporters have set their currency assumption
rates for euro/yen at 120-125 yen for the year to March, and
investors fret about a stronger yen as it eats into exporters’
profits when repatriated.
0032 GMT
**HITACHI ZOSEN (7004.T: ) GAINS ON REPORT OF FUEL CELLS DEAL**

Hitachi Zosen climbed 0.9 percent to 115 yen after the Nikkei
business daily reported the Japanese heavy machinery maker and
Finnish engine maker Wartsila (WRT1V.HE: ) will start developing
fuel cells for manufacturers and other business users looking to
reduce their carbon dioxide emissions.

The two firms already cooperate on engines for ships and
power generation.
0008 GMT

Investment

(Reporting by Aiko Hayashi)

Japan Hot Stocks-Exporters, Hitachi Zosen