RTTNews - A mixed to lower open is expected Wednesday for Japan stocks, following a negative overnight lead from Wall Street.

A worse than expected consumer confidence report from the U.S. dampened investors hopes for economic recovery and consumer spending.

Japan stocks were sharply higher on Tuesday. The benchmark Nikkei 225 Average gained 174.97 points or 1.8 percent to finish at 9.958.44. Among the Nikkei component stocks, there were 186 closing higher, 28 were lower and 11 were unchanged.

The broader Topix index was up 14.44 points or 1.6 percent at 929.76.

Among the sectors of interest, the carmakers were modestly higher. Among them, Honda was up 55 yen or 2.11 percent, Subaru maker Fuji Heavy industries was up 4 yen or 1.03 percent, Mazda gained 2 yen or 0.82 percent, Mitsubishi Motors gained 3 yen or 1.69 percent and Toyota Motors was up 100 yen or 2.80 percent.

For the big banks, Mitsubishi UFJ was up3 yen or 0.50 percent, Mizuho Financial rose 6 yen or 2.62 percent, Sumitomo Mitsui was down 10 yen or 0.25 percent and Resona Holdings declined by 1 yen or 0.07 percent.

In the steel sector, Nippon Steel was up 13 yen or 3.64 percent, Kobe Steel advanced 6 yen or 3.45 percent and JFE Holdings was up 70 yen or 2.20 percent.

Overseas, a worse than expected consumer confidence report sent U.S. stocks tumbling on Tuesday. The Conference Board's consumer confidence index reading for June declined, following improvements in the previous two months. Economists had been expecting a flat reading.

A the close on Wall Street, the Dow Jones Industrial Average was down 82.38 points or 0.97 percent at 8,447.00, the Nasdaq Composite index was down 9.02 points or 0.49 percent at 1,835.04 and the Standard & Poor's 500 index was down 7.91 points or 0.85 percent at 919.32.

The major markets in the Asia/Pacific region were mixed on Tuesday.

In Japan, the Nikkei 225 Average posted a gain of 174.97 points or 1.79 percent to close at 9,958.44.

Hong Kong's Hang Seng index declined 149.78 points or 0.81 percent to 18,378.73.

The Shanghai Composite index in China was down 15.95 points or 0.54 percent at 2,969.36.

India's BSE 30 index fell 291.90 points or 1.87 percent to 14,493.84.

In Indonesia, the Jakarta Composite index fell 6.94 points or 0.34 percent to 2,026.78.

The Taiwan Weighted Index was up 41.01 points or 0.64 percent at 6,432.16.

For comments and feedback: contact editorial@rttnews.com