RTTNews - Tokyo stocks are poised for modest gains at Thursday's market open, looking to extend a rally for a seventh session

Japan's market rose on Wednesday on hopes for higher global demand.
The benchmark Nikkei 225 Average was up 71.14 points or 0.74 percent to close at 9,723.16, the Nikkei's 6th consecutive advance.

Among the Nikkei component stocks, there were 138 closing higher, 73 were lower and 14 unchanged.

The broader Topix index advanced 5.03 points or 0.6 percent to close at 906.58.

Among the stocks and sectors of interest, the steel producers were stronger with JFE Holdings up 190 yen or 6.11 percent, Nippon Steel was up 8 yen or 2.27 percent and Kobe Steel advanced 2 yen or 1.18 percent.

Silicon wafer maker Shin Etsu Chemical jumped 220 yen or 4.87 percent and rival Sumco was up 70 yen or 4.64 percent.

In the electronics sector, Sony was down 20 yen or 0.86 percent, Canon was down 50 yen or 1.56 percent, Pioneer advanced 1 yen or 0.43 percent and Panasonic was down 1 yen or 0.08 percent.

Stocks on Wall Street were at Wednesday's close, ending their week-long rally, although the tech-heavy Nasdaq maintained its winning streak. At the closing bell, the Dow Jones Industrial Average was down 34.88 points or 0.39 percent at 8,881.26, the Nasdaq Composite index was up 10.18 points or 0.537 percent at 1,926.38 and the Standard and Poor's 500 Index was down 0.51 points or 0.05 percent at 954.07.

Asia/Pacific markets were mixed on Wednesday.

The Hang Seng index in Hong Kong was down 253.56 points or 1.30 percent at 19,248.17.

China's Shanghai Composite Index was up 83.41 points or 2.60 percent at 3,296.61.

In India, the BSE 30 index closed down 219.37 points or 1.46 percent at 14,843.12.

Indonesia's Jakarta Composite index fell 20.94 points or 0.98 percent to 2,125.61.

In South Korea, the KOSPI/Seoul Composite index gained 5.05 points or 0.34 percent to 1,494.04.

The Taiwan Weighted Index was up 31.98 points or 0.46 percent to 6,985.32.

New Zealand's sharemarket was modestly higher in early trading Thursday. The benchmark NZX-50 index was ahead 2.29 points or 0.8 percent at mid-morning.

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