Nikkei rises as strong Wall St, weak yen lift sentiment
* Apple suppliers in demand
* Shippers outperform after strong Baltic Dry Index
* Market focused on G7 meeting
By Ayai Tomisawa
TOKYO, May 17 (Reuters) - Japan's Nikkei share average rose on Tuesday, with a strong performance on Wall Street, higher oil prices and a weaker yen boosting investor sentiment.
iPhone suppliers were in demand after Apple Inc's stock soared as Warren Buffett's Berkshire Hathaway reported a stake worth about $1 billion in the iPhone maker.
The Nikkei gained 0.9 percent to 16,607.70 by late morning.
"The market is stable overall, but there are not enough strong catalysts to lift investors' appetite," said Kazuhiro Takahashi, equity strategist at Daiwa Securities.
He said investors were focused on the development of government fiscal stimulus before a weekend gathering of G7 finance leaders which may expose a rift on issues ranging from currency and fiscal policies within the close-knit group of advanced economies. Continuación...