Nikkei rises after Wall Street gains; corporate earnings buoy mood

jueves 29 de enero de 2015 22:11 GYT

* For the week, Nikkei is up 1.2 pct
    * SoftBank bucks weakness after Alibaba's revenue

    By Ayai Tomisawa
    TOKYO, Jan 30 (Reuters) - Japan's Nikkei share average rose
on Friday as strong company earnings in the United States and at
home from the likes of Nomura Holdings and Advantest Corp buoyed
investors' risk appetite.
    The Nikkei gained 1.0 percent to 17,789.84 by
mid-morning after falling 1.1 percent on the previous day. For
the week, the Nikkei has gained 1.2 percent.
    U.S. shares rallied overnight after oil prices rose and
bellwether companies such as Apple Inc and Boeing Co
 impressed the market with strong results.
    Data early on Friday showed Japan's core consumer inflation
slowed for a fifth straight month in December, hit by collapsing
oil prices, but factory output unexpectedly rebounded, rising
1.0 percent in December. 
    Nomura Holdings Inc rose 3.1 percent after
reporting the biggest jump in its quarterly profits in a year,
and Advantest Corp soared 7.7 percent after raising its
profit and dividend forecasts for the year ending in March.
    "Overseas catalysts still dominate the Japanese market's
mood. But with quarterly results being released now, investors
are seeing if there is any forward-looking indication on how
companies will perform in 2015," said Masaru Hamasaki, head of
market & investment information department at Amundi Japan.
    "Companies which rely on domestic demand should do well this
year on hopes for stronger consumption because the second tax
hike was delayed and oil prices are low."
    Exporters were in demand as the dollar fetched 118.28 yen
, rebounding from Thursday's low of 117.25. Tokyo Electron
Ltd rose 1.0 percent and Sony Corp added 0.7
    Bucking the strength, index-heavy SoftBank Corp 
fell 3.5 percent and was the second most traded stock by
turnover after Alibaba Group Holding Ltd reported
lower-than-expected revenues for the third quarter. SoftBank has
a 32.59 percent stake in Alibaba. 
    The broader Topix gained 0.5 percent to 1,421.11 and
the new JPX-Nikkei Index 400 advanced 0.6 percent to

 (Editing by Kim Coghill)