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Nikkei jumps 3 pct on U.S. hopes, NEC Elec seen up

Wed Apr 15, 2009 9:06pm EDT

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TOKYO, April 16 (Reuters) - Japan's Nikkei average gained more than 3 percent on Thursday as exporters gained on a weaker yen and on hopes that the U.S. recession could be abating, while NEC Electronics (6723.T) was bid up by its daily limit on news of merger talks with Renesas Technology Corp.

Stocks  |  Japan

The benchmark Nikkei .N225 climbed 3.2 percent or 281.14 points to 9,024.10. The previous day it fell 1.1 percent for its third consecutive day of losses -- its first such run in nearly two weeks.

The broader Topix .TOPIX added 2.2 percent to 853.49. (Reporting by Aiko Hayashi)



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