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Nikkei turns positive, defensive shares climb

Tue Mar 3, 2009 10:47pm EST

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TOKYO, March 4 (Reuters) - Japan's Nikkei stock average turned positive on Wednesday after earlier falling as much as 1.7 percent, with defensive shares rising and retailer Fast Retailing Co (9983.T) up on solid February sales.

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Shares with strong operations in China such as Komatsu Ltd (6301.T) also rose on talk of stimulus plans and hopes that China may be on the brink of recovery.

The benchmark Nikkei .N225 rose 0.4 percent to 7,259.62 while the broader Topix rose 0.1 percent to 727.38. (Reporting by Elaine Lies)

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