Nikkei edges up after tankan; trading houses gain

By @ibtimes on

The Nikkei average edged up 0.04 percent to end at its highest in six sessions on Monday as commodities-related shares such as trading house Mitsubishi Corp. and Sumitomo Metal Mining Co. rose after oil and copper prices soared.

But department store chains Takashimaya Co. and Mitsukoshi Ltd. fell on weaker earnings, and property firms declined after the Bank of Japan's quarterly tankan survey of corporate sentiment showed the sector less optimistic about the coming three months.

The Nikkei closed up 7.94 points at 18,146.30 The broader TOPIX index rose 0.31 percent to 1,780.36.

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