TOKYO -- Hitachi Construction Machinery shares climbed 7% on Wednesday after the company released first-half earnings that beat market expectations and included an upgraded profit forecast.
The stock rallied for a fourth straight day to close at 3,715 yen, near the intraday high and not far off the year-to-date high of 3,750 yen marked in June. The Nikkei Stock Average was roughly flat Wednesday, while rival Komatsu's shares gained 2.5%. Caterpillar shares dipped 1.3% on Tuesday in New York.
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