RTTNews - Japan's stock market is poised for a mixed to weaker open on Thursday following losses overnight on Wall Street. U.S. stocks were broadly lower for most of their session, but the main indices pared their losses in the final hour of trading
Gains for resources stocks helped move Japan's market higher on Wednesday.
Japan's Nikkei 225 Average gained 204.67 points or 2.09 points to 9,991.49. Among the Nikkei component stocks, there were 204 closing higher, 17 were lower and 4 finished unchanged.
The broader Topix index closed up 18.77 points or 2.0 percent at 937.01.
Among the resources-sensitive stocks, oil producer/explorer Inpex jumped 28,000 yen or 3.48 percent, Pacific Metals was up 51 yen or 6.49 percent and Sumitomo Metals and Mining rose 230 yen or 5.65 percent.
In the banking sector, Mitsubishi UFJ gained 16 yen or 2.56 percent, Mizuho Financial jumped 15 yen or 6.10 percent, Sumitomo Mitsui was up 230 yen or 5.65 percent and Resona Holdings advanced 34 yen or 2.31 percent.
Among the shipping companies, Nippon Yusen was, up 19 yen or 4.35 percent Kawasaki Kisen Kaisha was up 27 yen or 6.40 percent and Mitsui OSK Lines advanced 36 yen or 5.50 percent.
For the heaving construction equipment firms, Kawasaki Heavy leapt 34 yen or 15.74 percent and Sumitomo Heavy was up 11 yen or 2.54 percent.
In overseas trading, U.S. markets finished lower, but well above their lows for the session. At the close on Wall Street, the Dow Jones Industrial Average was down 24.04 points or 0.27 percent at 8,739.02.76, the Nasdaq Composite index was lower by 7.05 points or 0.38 percent and the Standard & Poor's 500 index was down 3.28 points or 0.35 percent at 939.15.
All of the major markets in the Asia/Pacific region closed higher on Wednesday.
In Hong Kong, the Hang Seng index rose 727.17 points or 4.03 percent to 18,785.66.
China's Shanghai Composite index was up 28.36 points or 1.02 percent to 2,816.25.
The BSE 30 index in India rose 339.81 points or 2.25 percent to 15,466.81.
In Indonesia, the Jakarta Composite index advanced 15.52 points or 0.74 percent to 2,108.81.
South Korea's KOSPI/Seoul composite index was up 43.04 points or 3.14 percent to 1,414.88.
The Taiwan Weighted Index rose 47.88 points or 0.75 percent to 6,462.27.
On Thursday's economic data calendar, Japan is scheduled to release final gross domestic product numbers for the first quarter of 2009 on Thursday. GDP is expected to show a contraction of 4 percent on quarter, consistent with the preliminary reading from last month.
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