Japanese stocks rebound continues. Japanese stocks rose after yesterday traded fell the most in three weeks to return stronger from the utility sector stocks amid concerns that the global stimulus is still not able to drive economic growth.
Nikkei 225 was up 0.6% in midday trading (21 September 2012) to a level of 9142.29 in Tokyo and erode weekly attenuation which reached 0.2%. The broader Topix index gained 0.5% to 757.75 with about nine stocks advancing versus five stocks fell.
Shares of the utilities sector led the gains the Japanese market today, such as stocks Electric Power Development Co.. which has recently increased the rating to “buy” by SMBC Nikko Securities Inc.. Japan Tobacco Inc.. rose 3.3%. Sharp Corp.. rose 5.5% after it reportedly entered into talks with Intel Corp investment.