RTTNews - A strong open is expected Friday for Japan stocks, coming off a renewed rally on Wall Street. U.S. stocks moved higher on more positive earnings reports, despite another rise in unemployment claims.
The benchmark Nikkei 225 Average advanced 51.97 points or 0.51 percent to 10.165.21.
Of the Nikkei component stocks, there were 104 closing higher, 109 were lower and 12 finished unchanged.
The broader Topix index was up for a 10th straight session, gaining 6.58 points or 0.7 percent at 936.94.
The auto makers put on a show of strength, led by Nissan Motors, which gained 63 yen or 9.98 percent after a lower than expected first quarter loss. Fellow auto maker Honda rose 240 yen or 8.66 percent on a higher earnings outlook. Elsewhere in the sector, Mazda Motors jumped 21 yen or 8.64 percent, Mitsubishi Motors was up 6 yen or 3.57 percent and Toyota was up 130 yen or 3.42 percent.
Among the steel makers, Nippon Steel was up 8 yen or 2.20 percent, JFE Holdings was up 40 yen or 1.08 percent, Sumitomo Metals was down 9 yen or 3.56 percent and Kobe Steel was unchanged.
Elsewhere in the resources sector, Sumitomo Metal Mining fell 56 yen or 3.87 percent.
Electrical products maker Mitsubishi Electric posted the session's biggest percentage gain, jumping 91 yen or 14.70 percent.
Consumer electronics giant Sony leapt 160 yen or 6.82 percent.
Overseas, a series of strong earnings reports and an unexpected drop in joblessness sent U.S. stocks soaring on Thursday, but stocks the major averages pared their gains in the final hour of trading. At the closing bell, the Dow Jones Industrial Average was up 83.74 points or 0.92 percent at 9,154.46, the Nasdaq Composite index was up 16,54 points or 0.84 percent at 1,984.30 and the Standard & Poor's 500 index was up 11.60 points or 1.19 percent at 986.75.
Most major markets in the Asia/Pacific region closed higher on Thursday.
In Hong Kong, the Hang Seng index rose 98.58 points or 0.49 percent to 20,234.08.
China's Shanghai Composite index was up 55.13 points or 1.69 percent to 3,321.56.
The BSE 30 index in India was up 214.50 points or 1.41 percent to 15,387.96.
In Indonesia, the Jakarta Composite index was up 72.32 points or 3.25 percent at 2,298.14.
South Korea's KOSPI/Seoul Composite index was up 10.42 points or 0.68 percent at 1,534.74.
The Taiwan Weighted Index was down 56.52 points or 0.80 percent at 7,027.11.
Japan is scheduled to release June numbers for consumer price index on Friday. Also due are figures for unemployment, household spending, construction orders and housing starts.
For comments and feedback: contact email@example.com