Japan Trading-House Stocks Rise Sharply After Berkshire Hathaway Raises Its Stakes
Japanese trading-house stocks rose sharply after Warren Buffett's Berkshire Hathaway said it raised its holdings in the five major ones. Mitsui & Co. shares were recently 4.4% higher on Tuesday in Tokyo, Marubeni Corp. was up 4.5%, Itochu Corp. was 4.2% higher, Mitsubishi Corp. was up 4.3% and Sumitomo Corp. was 3.7% higher.
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Berkshire Hathaway has increased its holdings in Japan's five biggest trading houses, according to Monday regulatory filings.
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