Japan stocks up 1 pct as Tokyo Elec jumps, resources up

Mon Apr 14, 2008 10:07pm EDT
 
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(Updates to midday)

TOKYO, April 15 (Reuters) - Japan's Nikkei stock average rose 1 percent on Tuesday, rebounding from a two-week closing low hit the previous day as Tokyo Electron Ltd (8035.T: Quote, Profile, Research, Stock Buzz) jumped 4.5 percent after a brokerage upgrade, while resources-related shares such as trading house Mitsui Co Ltd (8031.T: Quote, Profile, Research, Stock Buzz) climbed after oil CLc1 marked a record closing high. [O/R]

The benchmark Nikkei average .N225 added 125.49 points to end the morning at 13,043.00. It fell 3.1 percent on Monday to book its lowest close since April 1.

The broader TOPIX index gained 1 percent or 12.39 points to 1,258.63. (Reporting by Aiko Hayashi; Editing by Rodney Joyce)

 

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