Nikkei hits 8-month closing high, led by resources

TOKYO, June 10 | Wed Jun 10, 2009 2:07am EDT

TOKYO, June 10 (Reuters) - Japan's Nikkei stock average gained 2.1 percent on Wednesday to hit an eight-month closing high, with resource shares such as Mitsubishi Corp (8058.T) leading the market higher on strong oil and metals prices.

Mitsui O.S.K. Lines (9104.T) and other shippers powered higher on a brokerage upgrade, with expectations of good Chinese indicators due out later this week helping to overcome a fall in Japanese machinery orders.

The benchmark Nikkei .N225 gained 204.67 points to 9,991.49, coming within a breath of breaking above the key psychological level of 10,000. It hit its highest close since Oct. 7.

The broader Topix .TOPX rose 2 percent to 937.01. (Reporting by Elaine Lies)

Related Quotes and News

Company
Price
Related News
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.