RTTNews - A strong performance on Wall Street is expected to boost Japan stocks at Thursday's open. U.S. markets rose, bolstered by better-than-expected earnings results from chip maker Intel
Tokyo stocks were mixed on Wednesday in a lightly traded session.
Trading took place as the Bank of Japan cut its 2010 GDP growth forecast to 1.0 percent from April's forecast of 1.2 percent.
The benchmark Nikkei 225 Average advanced 7.44 points or 0.08 percent to 9.269.25.
Among the Nikkei component stocks, 121 closed higher, there were 93 lower and 11 closed unchanged.
The broader Topix index closed down 2.20 points or 0.3 percent at 866.37.
The banking sector was weaker, with Mitsubishi UFJ down 13 yen or 2.36 percent, Mizuho Financial was down by 9 yen or 4.55 percent, Resona Holdings dropped 35 yen or 2.76 percent while Sumitomo Mitsui was unchanged.
The major shippers were stronger, with Mitsui OSK Lines up 12 yen or 2.14 percent, Nippon Yusen was up 13 yen or 3.38 percent and Kawasaki Kisen Kaisha advanced 6 yen or 1.75 percent.
In the auto sector, Honda was up 10 yen or 0.41 percent, Fuji Heavy was down 1 yen or 0.29 percent, Mazda Motor advanced 12 yen or 5.61 percent, Mitsubishi Motors was up 1 yen or 0.64 percent and Toyota declined 30 yen or 0.86 percent.
Overseas, Wall Street stocks moved sharply higher on Wednesday, albeit on light trading volume. At the closing bell, the Dow Jones Industrial Average was ahead by 256.72 points or 3.07 percent at 8,616.21, the Nasdaq Composite index was up 63.17 points or 3.51 percent at 1,862.907 and the Standard & Poor's 500 index was up 26.84 points or 2.96 percent at 932.68.
The major markets in the Asia/Pacific region closed higher on Wednesday for a 2nd straight day.
Hong Kong's Hang Seng index was up 372.93 points or 2.09 percent at 18,258.66.
The Shanghai Composite index in China was up 43.39 points or 1.38 percent at 3,188.55.
The Jakarta Composite index in Indonesia rose 66.70 points or 3.24 percent at 2,123.28.
In South Korea, the KOSPI/Seoul Composite index advanced 35.30 points or 2.55 percent at 1,420.86.
The Taiwan Weighted Index was up 99.19 points or 1.49 percent to 6,738.60.
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