Nikkei led up by techs, trading houses, Toshiba gains
TOKYO, Nov 10 (Reuters) - Japan's Nikkei average climbed 1.6 percent on Tuesday, buoyed by Wall Street's gains as interest in risk-taking rose, with tech firms climbing and trading houses up after gains in oil, gold and other commodities. Toshiba Corp (6502.T) rose 2.1 percent after it made a solo bid for French nuclear reactor builder Areva's transmission and distribution (T&D) business.[ID:nL9491217]
"Things are definitely getting brighter for the short term, but over the longer term there's quite a lot of uncertainty that's preventing rises in Japanese stocks," said Hiroichi Nishi, general manager at the equity division of Nikko Cordial Securities.
"Will there be more government bond issuance? Will the yen continue to rise? And what sort of policies can we expect from the government?"
In thin trade centring on short-covering, the benchmark Nikkei .N225 gained 161.11 points to end the morning at 9,970.10. The broader Topix , which is not as heavily tech-centred, rose 1.3 percent to 881.74.
Exporters were strong on Wall Street's rise, which sent the Dow to a 13-month high, while chipmakers climbed after gains in their U.S. peers sent the PHLX semiconductor index .SOXX up 3.2 percent. (Reporting by Elaine Lies)
