Nikkei up 0.6 pct, exporters gain on softer yen

Mon May 12, 2008 10:08pm EDT
 
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(Updates to midday)

TOKYO, May 13 (Reuters) - Japan's Nikkei share average rose 0.6 percent on Tuesday, tracking overnight gains on Wall Street, led by exporters such as Canon Inc (7751.T: Quote, Profile, Research, Stock Buzz) on a softer yen.

The market also got a lift from Nikon Corp (7731.T: Quote, Profile, Research, Stock Buzz) after the precision equipment maker said that its annual profit rose 32.5 percent thanks to sales of advanced cameras and chip-making equipment and that it planned a share buyback. [ID:nT343446]

The benchmark Nikkei average .N225 ended the morning up 88.49 points at 13,831.85. The broader TOPIX index gained 0.7 percent to 1,352.01.

 

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