RTTNews - A weak open is expected Thursday for Japan stocks following a weak overnight lead from the United States. Wall Street spent the session in negative territory after release of worse than expected jobless data.

Japan markets rose again on Wednesday, with the Nikkei posting its sixth straight gain.

The benchmark Nikkei 225 Average was up 37.36 points or 0.38 percent at 8,741.67. Of the Nikkei component stocks, there were 109 closing higher, 105 were lower and 11 were unchanged.

The broader Topix index was up 0.94 points or 0.01 percent to close at 914.50.

The resources sector was stronger, with aluminum company Nippon Light Metals up 4 yen or 3.77 percent, Nippon Mining was up 27 yen or 4.98 percent, Mitsui Mining and Smelting advanced 7 yen or 2.86 percent and oil producer Inpex was up 11,000 yen or 1.42 percent.

Among the other gainers, Asahi Glass advanced 29 yen or 5.35 percent, GS Yuasa was up 42 yen or 5.34 percent and Yahoo Japan rose 1,080 yen or 4.34 percent.

The major banks were weaker, with Mitsubishi UFJ down 7 yen or 1.13 percent, Mizuho Financial down 3 yen or 1.26 percent, Sumitomo Mitsui down 10 yen or 0.27 percent and Resona Holdings lower by 12 yen or 0.83 percent.

U.S. stocks retreated on Wednesday, but finished well off their session lows. The Dow Jones Industrial Average closed down 65.63 points or 0.75 percent at 8,675.24, the Nasdaq Composite index was down 10.88 points or 0.59 percent at 1,825.92 and the Standard & Poor's 500 index was lower by 12.98 points or 1.37 percent at 931.76.

Markets were mixed in the Asia/Pacific region on Wednesday.

China's Shanghai Composite index rose 54.29 points or 1.99 percent to 2,778.88.

In Hong Kong, the Hang Seng index advanced 187.39 points or 1.02 percent to 18,576.47.

India's BSE 30 Index was down 4.01 points or 0.03 percent at 14,870.90.

The Jakarta Composite index in Indonesia was up 12.27 points or 0.61 percent at 2,010.91.

South Korea's KOSPI/Seoul Composite index was up 2.04 points or 0.14 percent at 1,414.89.

The Taiwan Weighted Index declined 55.94 points or 0.80 percent at 6,893.14.

On Thursday's docket of economic data releases, Japan will release first quarter figures for capital spending, with analysts expecting a decline of 27.1 percent following the 17.3 percent contraction of the previous three months.

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