Japan Stocks Up 1% As Tokyo Elec Jumps, Resources Up

Tokyo: Japan's Nikkei stock average rose 1 per cent on Tuesday, rebounding from a two-week closing low hit the previous day as Tokyo Electron Ltd jumped 4.5 per cent after a brokerage upgrade, while resources-related shares such as trading house Mitsui Co Ltd climbed after oil marked a record closing high.

The benchmark Nikkei average added 125.49 points to end the morning at 13,043.00. It fell 3.1 per cent on Monday to book its lowest close since April 1.

The broader TOPIX index gained 1 per cent or 12.39 points to 1,258.63.

Japan Nikkei Extends Gains, Now Up 3%

TOKYO: Japan's benchmark Nikkei average extended gains on Friday, jumping more than 3 per cent as banks rose after news that troubled US bond insurer Ambac may be in talks with a buyer.

The weaker yen boosted exporters such Nissan Motor Corp and other blue-chip exporters, while a Wall Street rebound after a US tax rebate plan was announced gave investors confidence to buy across the board.

At 0334 GMT the Nikkei was up 3.3 per cent at 13,518.07 and the broader TOPIX up 3.8 per cent at 1,333.09.