Nikkei up 1.3 pct; Kyocera, other exporters gain
(Updates to midmorning)
TOKYO, July 13 (Reuters) - A surge on Wall Street buoyed Japanese stocks by 1.33 percent on Friday as investors bought blue-chip issues such as Kyocera Corp. (6971.T).
Metal shares also gained on global mergers and acquisitions hopes by association after Rio Tinto Ltd./Plc. (RIO.AX)(RIO.L) agreed to buy Canadian aluminium company Alcan Inc. AL.TO, said Yutaka Miura, deputy manager of the equity information department at Shinko Securities.
"It just boils down to a jump in U.S. stocks," Miura said.
But he said the market is unlikely to keep advancing amid a lack of domestic factors for trade, and as the Ud," Miura said.
The benchmark Nikkei .N225 was up 239.28 points at 18,223.42 as of 0051 GMT.
The broader TOPIX index climbed 1.33 percent to 1,786.46.
Shares of high-tech exporters gained, with Kyocera up 2.1 percent at 13,060 yen, while Tokyo Electron Ltd. (8035.T) added 2.6 percent to 9,040 yen.
Auto shares rose, with Honda Motor Co. Ltd. (7267.T) gaining 2 percent to 4,570 yen.
Shares of metal companies also advanced. Mitsubishi Materials Corp. (5711.T) jumped 3.7 percent to 734 yen, and Dowa Holdings (5714.T) added 1.7 percent to 1,401 yen.
