Nikkei rises as Wall Street gains soothe sentiment
* All of Topix's 33 subsectors in positive territory
* Long-term investors still risk averse - analysts
* Investors will continue to prefer defensive stocks - analysts
By Ayai Tomisawa
TOKYO, Aug 27 (Reuters) - Japan's Nikkei share average rose on Thursday after a strong rebound on Wall Street eased investors' fears of a prolonged global market rout.
Expectations that the U.S. Federal Reserve might not raise interest rates next month also aided sentiment.
The Nikkei rose 2.1 percent to 18,762.43 points by mid-morning, recouping some of the huge losses it suffered in the six-day losing streak through Tuesday.
During that period, the benchmark declined 13.6 percent and hit fresh six-month lows, prompting some investors to look for bargains on Wednesday and Thursday.
In a sign that the faltering Chinese economy and slumping oil prices could affect U.S. monetary policy, New York Fed President William Dudley said the prospect of a September rate hike seemed "less compelling" than it was just weeks ago. Continuación...