Nikkei rises for first time in 4 days, exporters gain, miners outperform

miércoles 9 de marzo de 2016 21:55 GYT
 

* Kansai Electric dives on court order to halt reactor operations

* Mining shares outperform on higher oil prices

By Ayai Tomisawa

TOKYO, March 10 (Reuters) - Japan's Nikkei rose on Thursday morning, gaining for the first time in four days as higher oil prices improved investors' risk appetite, while expectations that the European Central Bank will ease further boded well for Japan's exports to Europe.

The Nikkei rose 1.2 percent to 16,838.77 in midmorning trade, after falling 2.2 percent in the past three days to hit a one-week low.

The dollar was steady against the yen at 113.26 yen, which helped exporters gain ground. Toyota Motor Corp added 1.4 percent, Honda Motor Co rose 0.9 percent and Nissan Motor Co advanced 1.3 percent.

Mining shares outperformed, with both Inpex Corp and Japan Petroleum Exploration Co rising 2.6 percent after oil prices rose as much as 5 percent on Wednesday.

Some investors also said sentiment was also helped by expectations of more monetary stimulus measures from the ECB later in the day.

"Investors are 'risk on' now. The euro's weakness is indicating something positive out of the ECB meeting, so the market may rise further in the afternoon," said Hiroaki Mino, director of investment information department at Mizuho Securities.   Continuación...