* Exporters, financials outperform overall market
* Nikkei to stay in narrow range before US jobs data -
By Ayai Tomisawa
TOKYO, Oct 5 Japan's Nikkei share average rose
on Wednesday morning on a weak yen, while Hitachi Ltd jumped
after a Nikkei report that it plans to sell Hitachi Koki Co and
a portion of Hitachi Kokusai Electric for a total of more than
100 billion yen.
Shares of Hitachi surged 4.7 percent, Hitachi Koki
Co soared 9.7 percent and Hitachi Kokusai Electric Inc
rose 3.0 percent.
At midmorning trade, the Nikkei gained 0.4 percent
to 16,802.97, helped mainly by advances for exporters and
"I am not too bullish about the Japanese market going
forward before interim earnings, but if the yen stays on the
weak side, the market should be supported for now," said Isao
Kubo, equity strategist at Nissay Asset Management.
He said that the market will likely stay in a narrow range
through the week as investors stay cautious before the release
of U.S. jobs data on Friday.
Kubo added that investors' focus will turn to corporate
earnings reports, starting later this month, for the first half
of the fiscal year ending in March 2017.
On Wednesday, Toyota Motor Corp rose 1.1 percent,
Nissan Motor Co gained 1.5 percent, and Advantest Corp
climbed 1.7 percent after the dollar rose to a
three-week high of 102.965 yen overnight, before edging
down 0.2 percent to 102.705 yen.
Brokerages were higher, with Nomura Holdings rising
1.3 percent and Daiwa Securities 1.0 percent.
The broader Topix gained 0.6 percent to 1,347.98 and
the JPX-Nikkei Index 400 rose 0.6 percent to
(Editing by Richard Borsuk)