Sony’s Surge
Japan’s Nikkei stock average remains 54% from its 1989 peak, despite its recent rally, but shares of Sony Corp. are breaking records daily. The electronics giant’s American depositary receipts, which track its Japanese stock, have doubled this year. The shares picked up new steam this week on excitement for Sony’s upcoming successor to the PlayStation video game console, which will play music CDs and movie DVDs as well as existing software. Quarterly closes and latest on the NYSE:
Tuesday: $148.19, up $11.69
Source: Bloomberg News
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