Nikkei up as exporters rise, NEC soars; eyes on jobs
TOKYO, Nov 6 (Reuters) - Japan's Nikkei stock average rose 1.1 percent on Friday, buoyed by exporters such as Canon Inc (7751.T: Quote, Profile, Research) after good news on U.S. jobs renewed hopes about the pace of economic recovery, with tech shares up after gains by U.S. peers.
NEC Corp (6701.T: Quote, Profile, Research) soared 8.9 percent to 270 yen after Japan's biggest PC maker said it plans to raise up to $1.5 billion in shares. Sources had earlier told Reuters the offer was to shore up its capital and invest in growth businesses. [ID:nTFA006491] [ID:nT210122]
"Most investors had figured that some sort of fund-raising was needed, so it was already factored in, and the share price was low after recent selling," said Nagayuki Yamagishi, a strategist at Mitsubishi UFJ Securities.
In moderate trade, the benchmark Nikkei .N225 gained 110.44 points to 9,827.88 after closing at a one-month low on Thursday. The broader Topix .TOPX gained 0.2 percent to 876.35. (Reporting by Elaine Lies)
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