RTTNews - A higher open is expected Tuesday for Japan stocks, in the wake of more strong gains on Wall Street overnight. U.S. stocks rose following a combination of better than expected data on manufacturing and construction.
Japan's market finished mixed on Monday. The benchmark Nikkei 225 Average posted a In Japan, a loss of 4.36 points or 0.04 percent at 10,352.47.
Among the Nikkei component stocks, there were 123 closing higher, 92 were lower and 10 finished unchanged.
The broader Topix index was up 7.3 points or 0.8 percent to 957.56, the 12th straight session of gains for the Topix, marking its longest winning streak since March of 1988.
An announcement of higher earnings from Mitsubishi UFJ Financial Group sent the banking sector higher. MUFJ advanced 32 yen or 5.63 percent, Mizuho Financial was up 13 yen or 6.05 percent, Sumitomo Mitsui was up 130 yen or 3.21 percent and Resona Holdings advanced 32 yen or 2.29 percent.
In the auto sector, Nissan Motor took the wraps off of its first electric car model. Nissan shares rose 37 yen or 5.37 percent, Mazda was up 15 yen or 6.05 percent, Honda was up 20 yen or 0.66 percent, Subaru maker Fuji Heavy was up 32 yen or 8.38 percent and Toyota was up 100 yen or 2.51 percent.
The shippers were mixed, with Kawasaki Kisen Kaisha down 3 yen or 0.84 percent, Nippon Yusen down 5 yen or 1.23 percentand Mitsui OSK Lines up 12 yen or 2.08 percent.
On the down side, Casio Computer fell 36 yen or 4.63 percent, Nippon Telephone & Telegraph was down 110 yen or 2.81 percent, NTT DoCoMo was down 2,000 yen or 1.46 percent and Canon was down 60 yen or 1.70 percent.
Overseas, better than expected manufacturing data helped send U.S. stocks higher on Monday. At the close, the Dow Jones Industrial Average was up 114.95 points or 1.25 percent at 9,286.56, the Nasdaq Composite index was ahead by 30.11 points or 1.52 percent at 2.008.61 and the Nasdaq Composite index was up 15.15 points or 1.53 percent at 1.002.634.
Markets were mixed in the Asia/Pacific region on Monday.
Hong Kong's Hang Seng index was up 233.93 points or 1.14 percent at 20,807.26.
The Shanghai Composite index in China was up 50.53 points or 1.48 percent at 3,462.59.
In India, the BSE 30 index was up 253.92 points or 1.62 percent at 15,924.23.
Indonesia's Jakarta Composite index rose 15.56 points or 0.67 percent to 2.338.80.
The KOSPI/Seoul Composite index in South Korea was up 7.69 points or 0.49 percent at 1,564.98.
The Taiwan Weighted Index was down 21.00 points or 0.30 percent at 7.056.71.
In economic news, the Bank of Japan is set to release July numbers for monetary base.
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