Disco Corp. , Japan’s biggest maker of cutting tools for electronic equipment, fell the most in two years after cutting its full-year net forecast by 25 percent on sluggish investment in the semiconductor market.
Nikon Corp. , a Japanese maker of cameras, lenses and scanners, gained the most in more than two years in Tokyo trading after profit beat analysts’ estimates and it forecast rising demand for chip-making equipment.
Pioneer Corp., a Japan-based maker of car-navigation systems, fell the most in a month, leading declines among manufacturers including Nikon Corp. after plants in Thailand were shut because of flooding.
Canon Inc., the world’s largest camera maker, plunged the most in more than three years in Tokyo after cutting its full-year profit forecast because of a stronger yen and expectations for weaker global growth.
Asian stocks rose, driving the MSCI Asia Pacific Index to the highest level in more than 10 weeks, as a surge in earnings at Canon Inc. and China’s industrial companies boosted confidence in the region’s corporate profits.