Japanese stocks rose, following gains in U.S. equities amid signs of the U.S. economic expansion. SoftBank Group Corp. climbed after reporting second-quarter profit that was well ahead of analyst estimates.
Telecommunications and trading companies were among the biggest boosts to the Topix. U.S. stocks gained on Monday, with Warren Buffett's Berkshire Hathaway Inc. powering gains in the S&P 500 Index ahead of midterm elections. A report showed a gauge of U.S. service industries fell less than forecast in October from a near-record level, suggesting the economy's momentum is holding up this quarter. The yen was weaker than 113 against the dollar after slumping about 1.6 percent in the past three months.
Topix +0.9% at 1,655.85 as of 9:32 a.m. in Tokyo. Index Nikkei 225 +1% at 22,108.07
Source : Bloomberg