Japan Market Boosted By Traders, Nuclear Shares

Myra P. Saefong
MarketWatch Pulse
Fox Business
2/16/2010

TOKYO — Japanese shares climbed Wednesday morning in Tokyo, with shares of major trading houses and nuclear-power-related stocks leading the advance. The Nikkei 225 Average added 1.4% to 10,171.83, and the Topix tacked on 1.2% to 895.77. Among the trading houses, Mitsui & Co. was up 3.4% and Mitsubishi Corp. added 2.5%, following a 4% rise in crude futures in New York. Among nuclear-power-related stocks, Toshiba Corp. rose 3.8% and Hitachi Ltd. climbed 1.7% after U.S. President Barack Obama announced $8.3 billion in federally backed loans to the nation’s nuclear power industry. Elsewhere, South Korea’s Kospi added 1.3% and Australia’s S&P/ASX 200 was 1.4% higher.

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