RTTNews - A higher open is expected Wednesday for Tokyo stocks, on the back of more gains on Wall Street overnight.
Japan's market returned to action after a long weekend and posted a solid gain.
The benchmark Nikkei 225 Average closed higher for the 5th straight session, advancing 256.70 points or 2.73 percent at 9,652.02.
Among the Nikkei component stocks, there were 211 closing higher, 10 finished lower and 4 were unchanged.
The broader Topix Index rose 23.26 points or 2.7 percent to 901.55.
Among the stocks and sectors of interest, Hitachi Construction jumped 138 yen or 9.47 percent on an after an analyst upgrade. Komatsu was up 73 yen or 5.18 percent, Sumitomo Heavy added 38 yen or 10.22 percent and Mitsubishi Heavy was up 9 yen or 2.51 percent.
Electrical machinery maker Meidensha Corp jumped 66 yen or 14.73 percent.
For the major banks, Mitsubishi UFJ was up 19 yen or 3.54 percent, Mizuho Financial gained 3 yen or 1.55 percent, Sumitomo Mitsui was up 60 yen or 1.60 percent and Resona Holdings was up 53 yen or 4.17 percent.
In the auto sector, Mitsubishi Motor gained 6 yen or 3.92 percent , Honda Motor was up 75 yen or 3.03 percent, Subaru maker Fuji Heavy gained 20 yen or 5.87 percent and Toyota gained 110 yen or 3.13 percent.
Overseas, U.S. stocks managed another day of modest gains, following Fed Chairman Ben Bernanke's opening day of testimony to Congress on the state of the American economy. Bernanke said the economy was showing signs of stabilization, but that unemployment was expected to remain high through the end of the year.
At the closing bell, the Dow Jones Industrial Average was up 67.79 points or 0.77 percent at 8,915.94, the Nasdaq Composite Index was up 6.91 points or 0.36 percent at 1,916.20 and the Standard & Poor's 500 Index was up 3.45 points or 0.36 percent at 954.584.
Markets in the Asia/Pacific region were mixed on Tuesday.
Hong Kong's Hang Seng index was down 0.64 points or 0.00 percent at 19,501.73.
China's Shanghai Composite index was down 53.71 points or 1.64 percent at 3,213.21.
In Indonesia, the Jakarta Composite index was up 40.20 points or 1.91 percent at 2,146.55.
India's BSE 30 index was down 128.52 points or 0.85 percent at 15,062.49.
In South Korea, the KOSPI/Seoul Composite index was up 10.48 points or 0.71 percent at 1,488.99.
The Taiwan Weighted Index advanced 14.48 points or 0.21 percent to 6,953.34.
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