Tokyo markets up Wednesday
by Brian Turner
In Tokyo on Wednesday, the equities markets ended up on a positive note as the Nikkei 225 closed up 0.5 percent to 11,547.28 while the Topix finished 0.4 percent to 1,173.25.
The steel sector was down, with Nippon Steel, the second-largest steel producer in the world, losing 1.5 percent to ¥258 after issuing a lowered earnings forecast.
Tokyo Steel Manufacturing lost 0.5 percent to ¥1,420 after having announced price cuts earlier in the week. JFE Holdings declined by 1.4 percent to ¥2,720.
Lower steel costs, however, helped automobile manufacturers, and Toyota gained 1 percent to ¥3,950 and Nissan was up 1.2 percent to ¥1,105.
The technology sector was up as well, but gains were small. Sony was up 0.5 percent to ¥3,890 and Advantest gained 0.4 percent to ¥8,210.
Elsewhere in Asia, the Hang Seng index in Hong Kong gained 1.3 percent to 14,161.02, while in Singapore the Straits Times index was up 0.44 percent to 2,206.34.
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