Nikkei edges up after Wall Street rises; Apple suppliers outperform

jueves 15 de septiembre de 2016 22:23 GYT
 

* Nikkei has dropped 2.9 pct for the week

* Investors adjust positions before 3-day weekend

* Banks rebound after falling for 4 days

By Ayai Tomisawa

TOKYO, Sept 16 (Reuters) - Japanese stocks edged up on Friday morning after U.S. shares rose, while Apple-related stocks outperformed after the iPhone maker said initial quantities of the iPhone 7 Plus have sold out globally.

Apple Inc suppliers attracted buying, with Murata Manufacturing Co jumping 3.9 percent, Alps Electric surging 5.8 percent and TDK Corp soaring 4.1 percent, outperforming the overall market.

The Nikkei share average gained 0.4 percent to 16,473.47 in midmorning trade. But for the week, the benchmark index has fallen 2.9 percent, hit by uncertainty over what monetary actions the U.S. Federal Reserve and Bank of Japan might, or might not, take at their policy meetings next week.

Financial markets are closed on Monday in Japan for a national holiday.

"Investors are adjusting their positions today and they are buying back recently battered financial stocks, but they still remain risk averse before the big events next week," said Takuya Takahashi, an equity strategist at Daiwa Securities.   Continuación...