Japanese Market Extending Gains Into Seventh Day
TOKYO (dpa-AFX) - The Japanese stock market is rising after early losses on Wednesday, with the benchmark Nikkei index moved above the 29,900 level, following inconclusive cues overnight from Wall Street as investors stayed cautious while they await Federal Reserve's policy announcement.
The benchmark Nikkei 225 Index is gaining 38.05 points or 0.13 percent to 29,959.14, after touching a low of 29,825.16 in early trades. Japanese stocks closed higher on Tuesday.
Market heavyweight SoftBank Group is declining more than 1 percent, while Uniqlo operator Fast Retailing is up almost 1 percent. Among automakers, Honda is losing more than 1 percent and Toyota is down almost 1 percent.