RTTNews - Tokyo stocks are expected to show weakness at Friday's open, coming off a losing session on Wall Street. U.S. stocks fell on disappointing corporate earnings and in advance of Friday's report on joblessness.
Japan's market posted a solid gain on Thursday, led by commodities stocks and a strong performance by the car makers.
The benchmark Nikkei 225 Average gained 135.56 points or 1.32 percent to close at 10,388.09.
Among the Nikkei component stocks, there were 156 closing higher, 57 were lower and 12 were unchanged.
The broader Topix index advanced 7.93 points or 0.8 percent to 957.5.
In the auto sector, Honda Motor rose 110 yen or 3.67 percent, Fuji heavy Industries was up 11 yen or 2.75 percent, Toyota gained 150 yen or 3.77 percent, Mazda advanced 7 yen or 2.81 percent and Mitsubishi Motor was up 3 yen or 1.79 percent. The sector's gains came as the U.S. Senate moved to approve an additional US$2 billion in the so-called Cash For Clunkers auto trade-in program. Four of the top five vehicles sold under that program have been made by Japanese firms, the government said.
Among the resources stocks, Mitsui Mining and Smelting was up 11 yen or 4.10 percent, Pacific Metals was up 49 yen or 6.35 percent, Sumitomo Metal Mining was up 49 yen or 3.39 percent and Aluminum producer Nippon Light Metals was up 7 yen or 7.22 percent.
Elsewhere, camera maker Nikon fell 188 yen or 10.01 percent, rival Canon was down 10 yen or 0.29 percent, Olympus was up 55 yen or 2.11 percent and Ricoh was up 33 yen or 2.67 percent.
Overseas, U.S. stocks posted a lower close on Thursday, having opened higher on positive employment news but turned lower after disappointing earnings from Cisco. At the closing bell on Wall Street, the Dow Jones Industrial Average was down 24.71 points or 0.27 percent at 9,256.26, the Nasdaq Composite index was down 19.89 points or 1.00 percent at 1,973.162 and the Standard & Poor's 500 index was lower by 5.64 points or 0.56 percent at 997.08.
Other Asia/Pacific region markets were mixed on Thursday.
Hong Kong's Hang Seng index was up 404.47 points or 1.97 percent at 20,899.24.
In China, the Shanghai Composite index declined 72,17 points or 2.11 percent at 3,356.33.
India's BSE 30 index dropped 389.80 points or 2.45 percent to 15,514.03.
The Jakarta Composite index in Indonesia was up 42.91 points or 1.85 percent at 2.359.98.
South Korea's KOSPI/Seoul Composite index rose 5.57 points or 0.36 percent to 1,565.04.
The Taiwan Weighted Index was up 20.41 points or 6,868.65.
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