Asian Economic News
Mixed Open Forecast For Tokyo Stocks
11/10/2009 6:51 PM ET
(RTTNews) -
Japan stocks are expected to open mixed on Wednesday, following a choppy trading session on Wall Street overnight. U.S. market indices closed mixed.
Japan stocks moved broadly higher on Tuesday
The benchmark Nikkei 225 Average posted a gain of 61.74 points or 0.63 percent to close at 9,870.73.
Among the Nikkei component stocks, there were 123 closing higher, 89 were lower and 13 unchanged.
The broader Topix index advanced 0.2 percent.
The banking sector led the gains, with Mitsubishi UFJ was up 13 yen or 2.65 percent, Mizuho Financial gained 2 yen or 1.14 percent, Sumitomo Mitsui was up 110 yen or 3.59 percent and Resona Holdings rose 1 yen or 0.10 percent.
Nomura Holdings was up 18 yen or 2.90 percent.
Shares of Sanyo Electric were down 9 yen or 5.23 yen on heavy volume. Casio Computer was up 30 yen or 4.44 percent.
Among the telecoms, KDDI was down 3,000 yen or 0.66 percent, NTT DoCoMo was down 2,600 yen or 1.99 percent, Nippon Telegraph and Telephone was down 90 yen or 2.45 percent and Softbank was up 45 yen or 2.10 percent.
In overseas trading, Wall Street bounced through an up-and-down session on Tuesday. At the closing bell, the Dow Jones Industrial Average was up 20.03 points or 0.20 percent at 10,246.97, the Nasdaq Composite index was down 2.98 points or 0.14 percent at 2,151.08 and the Standard & Poor's 500 index was down 0.07 points or 0.01 percent at 1,093.01.
In other Asia/Pacific region trading on Tuesday, Hong Kong's Hang Seng index was up 60.61 points or 0.27 percent at 22,268.16.
China's Shanghai Composite index rose 3.03 points or 0.10 percent to 3,178.61.
The SENSEX/BSE 30 index in India was down 58.16 points or 0.35 percent at 16,440.56.
In Indonesia, the Jakarta Composite index wad down 24.48 points or 1.02 percent at 2,831.96.
South Korea's KOSPI/Seoul Composite index was up 5.51 points or 0.35 percent at 1,582.30.
The Taiwan Weighted Index was up 56.79 points or 0.75 percent at 7,593.49.
by RTT Staff Writer
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