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Japan stocks gained Wednesday morning on hopes that the U.S. government's measures to stimulate its economy and bailout the "Big Three" automakers will help the island nation's export market.
Investors shrugged off overnight Wall Street fall, attributing it to profit-taking.
The Nikkei 225 index was up 95.68 to 8,491.55. Among all the TSE first section issues, 780 gained and 780 declined. The trading volume reached 879.76 million stocks or 642.8 billion yen.
Mainly real estate issues such as Mitsubishi Estate (8802.T) and Mitsui Fudosan (8801.T) and marine transport issues such as Mitsui O.S.K. Lines (9104.T) and Inui Steamship (9113.T) led the gain while finance issues such as Mitsubishi UFJ (8306.T) and Chuo Mitsui (8309.T) and Sony (6758.T) led the decline.
Meanwhile, investors reacted negatively to news that electronics giant Sony Corp. plans to reduce its global workforce by 4 percent and shut down 10 percent of its 57 global manufacturing facilities.
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