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Nikkei rises 0.5 pct in cautious trade, shippers gain
October 8, 2009 / 2:10 AM / 8 years ago

Nikkei rises 0.5 pct in cautious trade, shippers gain

TOKYO, Oct 8 (Reuters) - Japan’s Nikkei average rose 0.5 percent on Thursday as exporters such as Tokyo Electron (8035.T) gained on short-covering, while Nikon Corp (7731.T) jumped after a brokerage upgrade.

Shipping firms extended gains after the Baltic Exchange’s main sea freight index .BADI rose to a seven-week high on Wednesday with expectations of fresh Chinese demand driving momentum. [ID:nL7708072]

After moving in and out of negative territory, the benchmark Nikkei .N225 ended the morning up 49.81 points at 9,849.41. It advanced 1.1 percent the previous day.

The broader Topix .TOPX gained 0.5 percent to 889.80. (Reporting by Aiko Hayashi)

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