RTTNews - Japan stocks are expected to rise modestly at Tuesday's open, building on Monday's sharp gains while getting a lukewarm lead from Wall Street.
Japan's market posted a broad gain on Wednesday, with all industry group indices closing higher. Trading was boosted by encouraging home sales data from the United States and a weaker yen.
The benchmark Nikkei 225 Average was up 342.85 points or 3.35 percent at 10,581.05.
Among the Nikkei component stocks, there were 216 closing higher, 6 were lower and 3 finished unchanged.
The broader Topix index advanced 22.93 points or 2.4 percent to close at 970.27.
The weaker yen helped the exporters. Among them, Canon jumped 220 yen or 6.29 percent, Honda rose 95 yen or 3.21 percent, Sony was up 75 yen or 3.07 percent, Pioneer was up 11 yen or 4.06 percent and Isuzu Motors was up 17 yen or 8.42 percent.
Elsewhere in the auto sector, Subaru maker Fuji Heavy Industries was up 12 yen or 3.02 percent, Mazda was up 7 yen or 2.68 percent and Toyota rose 90 yen or 2.26 percent.
Steadily rising oil prices pushed Inpex up 39.000 yen or 5.42 percent.
Among the big banks, Mitsubishi UFJ was up 10 yen or 1.70 percent, Mizuho Financial was up 5 yen or 2.23 percent, Sumitomo Mitsui was up 70 yen or 1.74 percent and Resona Holdings advanced 15 yen or 1.18 percent.
Overseas, U.S. markets opened higher but turned modestly lower late in the trading session. About a half hour before the closing bell on Wall Street, the Dow Jones Industrial Average was down 7.33 points or 0.08 percent at 9.498.63, the Nasdaq Composite index was down 5.77 points or 0.29 percent at 2.016.27 and the Standard & Poor's 500 index was lower by 1.91 points or 0.19 percent at 1.024.78.
All of the major markets in the Asia/Pacific region finished higher on Monday.
Hong Kong's Hang Seng index was up 336.92 points or 1.67 percent at 20,535.94.
The Shanghai Composite index in China advanced 32.66 points or 1.10 percent at 2.883.43.
India's BSE 30 index was up 387.92 points or 2.55 percent at 15,628.75.
In Indonesia, the Jakarta Composite index was up 41.98 points or 1.80 percent at 2.375.87.
In South Korea, the KOSPI/Seoul Composite index was up 31.24 points or 1.98 percent at 1,612.22.
The Taiwan Weighted Index advanced 183.45 points or 2.76 percent at 6,838.34.
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