Buffett's Berkshire Boosts Stakes in Japan's Five Biggest Trading Houses

$Berkshire Hathaway-A(BRK.A.US)$ $Berkshire Hathaway-B(BRK.B.US)$ , run by billionaire Warren Buffett, has raised its stakes in each of Japan's five biggest trading houses by at least 1 percentage point to more than 6%, regulatory filings showed on Monday, sending shares higher.
The move is line with Berkshire's statement in 2020 that its investments in the Japanese trading houses were for the long term and the stakes could rise to 9.9%.
Berkshire's stakes have increased to 6.59% from 5.04% in $MITSUBISHI CORP(MSBHF.US)$ , to 6.62% from 5.03% in Mitsui & Co Ltd $Mitsui (ADR)(MITSY.US)$, to 6.21% from 5.02% in $ITOCHU CORP(ITOCF.US)$, to 6.75% from 5.06% in $Marubeni (ADR)(MARUY.US)$ and to 6.57% from 5.04% in $Sumitomo (ADR)(SSUMY.US)$ .
The news boosted shares of the five trading houses, led by Mitsubishi and Marubeni, which were up more than 2% in morning trade, while the benchmark Nikkei index was nearly flat.