Japanese shares bounced back modestly on Wednesday, partially clawing back hefty losses from the previous session, even as the upside was limited on worries related to the fast-spreading coronavirus.

The Nikkei share average rose 0.5% to 23,325.52 by the midday break, one day after sliding 2%, while the broader Topix added 0.2% to 1,695.39.

Elsewhere, Unizo Holdings soared 6.9% after U.S. private equity firm Blackstone Group sweetened its proposed offer for the company by 12% to 191.6 billion yen ($1.75 billion), topping a rival bid from U.S. buyout fund Lone Star.

Source : Reuters