Nikkei edges up 0.1 pct as exporters gain

Mon Nov 16, 2009 12:08am GMT
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TOKYO, Nov 16 (Reuters) - Japan's Nikkei stock average rose 0.1 percent on Monday, buoyed by exporters such as Toyota Motor Co (7203.T: Quote, Profile, Research) after Wall Street edged higher on encouraging results for the retail sector and hopes for the holiday shopping season.

But Mitsubishi UFJ Financial Group (8306.T: Quote, Profile, Research) was untraded and overwhelmed with sell orders with the price indicated at 498 yen, down 2 percent from Friday's close, after three sources said it will issue about $11 billion in new shares to meet stricter capital requirements and boost lending in Asia. [ID:nBNG152533]

The benchmark Nikkei .N225 rose 19.85 points to 9,790.16, while the broader Topix .TOPX fell 0.3 percent to 863.96. (Reporting by Elaine Lies)

 
 
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