Tokyo stocks rebounded on Wednesday, with the Nikkei 225 closing higher as overseas investors scooped up shares of companies with solid earnings such as TDK and Fujikura, helping the market recover from recent weakness.
The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, rose 220.38 points, or 0.43 percent, to finish at 51,063.31.
After a period of adjustment earlier this month, investors turned optimistic toward companies reporting strong results late in the earnings season.
A weaker yen also buoyed export-oriented issues. In foreign exchange trading, the yen briefly fell to the upper 154 range against the U.S. dollar, its weakest level since February.
The broader Topix index rose for a third straight session, climbing 37.75 points, or 1.14 percent, to 3,359.33, its highest closing level since Oct. 31.
On the Tokyo Prime Market, advancers numbered 1,259, or 78 percent of the total, while 316 declined and 37 were unchanged.
Source : CTX
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