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Nikkei edges up 0.1 pct as exporters gain
November 16, 2009 / 12:11 AM / 8 years ago

Nikkei edges up 0.1 pct as exporters gain

TOKYO, Nov 16 (Reuters) - Japan’s Nikkei stock average rose 0.1 percent on Monday, buoyed by exporters such as Toyota Motor Co (7203.T) after Wall Street edged higher on encouraging results for the retail sector and hopes for the holiday shopping season.

But Mitsubishi UFJ Financial Group (8306.T) was untraded and overwhelmed with sell orders with the price indicated at 498 yen, down 2 percent from Friday’s close, after three sources said it will issue about $11 billion in new shares to meet stricter capital requirements and boost lending in Asia. [ID:nBNG152533]

The benchmark Nikkei .N225 rose 19.85 points to 9,790.16, while the broader Topix .TOPX fell 0.3 percent to 863.96. (Reporting by Elaine Lies)

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