Nikkei rises to new 1-1/2 week high as risk appetites return on weaker yen

martes 12 de abril de 2016 22:35 GYT

* All Topix's 33 subsectors in positive territory

* Bank shares outperform

* Takashimaya tumbles on disappointing forecast

By Ayai Tomisawa

TOKYO, April 13 (Reuters) - Japan's Nikkei share average rose to a new 1-1/2 week high on Wednesday morning after gains in Wall Street boosted sentiment, while a weaker yen triggered bargain-hunting on recently battered stocks such as automakers and bank shares.

The Nikkei soared 2.6 percent to 16,347.51 in midmorning trade, the highest since April 1.

The dollar was back above 108.50 yen, having climbed from a near 18-month trough around 107.63 set on Monday.

Wall Street gained on buying in energy shares supported by rising oil prices, before falling on profit taking in Asian morning trade. Brent crude dropped 27 cents to $44.32 a barrel as of 0207 GMT, after hitting a four-month high in the previous session.

As risk appetite returned, banks soared, with Mitsubishi UFJ Financial Group soaring 4.5 percent and Mizuho Financial Group surging 3.2 percent.   Continuación...