Parts maker Murata's shares spike ahead of China iPhone sales
Parts maker Murata's shares spike ahead China iPhone sales
Staff
OSAKA -- Murata Manufacturing shares rallied Wednesday to reach their highest point in over a decade, adding to anticipation that the Japanese maker o
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Nikkei Asia
OSAKA -- Murata Manufacturing shares rallied Wednesday to reach their highest point in over a decade, adding to anticipation that the Japanese maker of smartphone components will see higher earnings, as a major Chinese mobile carrier begins selling iPhones.

Murata shares on the Tokyo Stock Exchange jumped 496 yen, or 5%, to close Wednesday at 10,060 yen ($95.66), breaking the 10,000 yen mark for the first time in 12 years. Over the past year, the stock's value has nearly doubled.