RTTNews - Japan stocks are poised to open weaker on Wednesday, following the mixed overnight lead from Wall Street. U.S. markets ended marginally higher on a day of little major economic news.
Japan shares closed mixed on Tuesday with the major indices posting modest gains.
The benchmark Nikkei 225 Average closed higher by 26.56 points or 0.27 percent at 9,704.31. Of the Nikkei component stocks, there were 105 closing higher, 110 lower and 10 were unchanged.
The broader Topix index was up 1.04 points or 0.1x percent at 913.56.
The electronics sector was generally stronger, with Sony advancing 110 yen or 4.26 percent, Sharp Corp rose 13 yen or 1.20 percent, Panasonic Corp rose 10 yen or 0.73 percent, Ricoh was up 39 yen or 2.97 percent, Pioneer advanced 2 yen or 0.73 percent and Canon advanced 30 yen or 0.95 percent.
Among the major banks, Mitsubishi UFJ was up 5 yen or 0.81 percent, Mizuho Financial rose 1 yen or 0.42 percent, Sumitomo Mitsui was down 60 yen or 1.59 percent and Resona Holdings was down 11 yen or 0.75 percent.
The auto sector was mixed in the wake of the announced General Motors bankruptcy. Among the leaders, Honda was up 60 yen or 2.17 percent, Subaru maker Fuji Heavy was down 2 yen or 0.52 percent, Mazda was up 8 yen or 3.23 percent and Toyota was up 30 yen or 0.79 percent.
In overseas trading, U.S. stocks moved through a choppy trading session on Tuesday, before ending modestly higher. At the close on Wall Street, the Dow Jones Industrial Average was 19.43 points or 0.22 percent at 8,740.87, the Nasdaq Composite Index was up 8.12 points or 0.44 percent at 1,836.80 and the Standard & Poor's 500 Index was up 1.87 points or 0.20 percent at 944.74.
Markets in the rest of the Asia/Pacific region were mixed on Tuesday.
Hong Kong's Hang Seng index declined 499.51 points or 2.64 percent at 18,389.08.
In China, the Shanghai Composite index was up 3.02 points or 0.11 percent at 2,724.30.
India's BSE 30 index was up 34.28 points or 0.23 percent at 14,874.91.
In Indonesia, the Jakarta Composite index was up 0.06 points or 0.00 percent at 1,998.64.
South Korea's KOSPI/Seoul Composite index was down 2.25 points or 0.16 percent at 1,412.85.
The Taiwan Weighted Index declined 5.02 points or 0.07 percent to 6,949.08.
On the day's economic news calendar, Bank of Japan board member Hidetoshi Kamezaki will deliver a speech at a meeting with business leaders in Shizuoka.
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