Nikkei rises 1.1 pct, exporters gain on yen

Tue Jan 6, 2009 2:07am GMT
 
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(Updates to midday)

TOKYO, Jan 6 (Reuters) - Japan's Nikkei share average rose 1.1 percent on Tuesday, the first full trading day of 2009, as Canon Inc (7751.T) and other exporters rose on a weaker yen amid hopes for the new U.S. administration taking office later this month.

Investors keen to buy shares that had been sold off heavily last year were also picking up high techs such as Kyocera Corp (6971.T) and carmakers, helping them shrug off gloomy news, while Fast Retailing Co Ltd (9983.T) rose on robust December sales.

The benchmark Nikkei .N225 gained 101.55 points to 9,144.67, while the broader Topix rose 0.5 percent to 880.51. (Reporting by Elaine Lies; Editing by Hugh Lawson)

 

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