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Nikkei up 1.1% as exporters, machinery stocks gain

Wed Jul 9, 2008 5:41am IST
 
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(Updates with open)

TOKYO, July 9 (Reuters) - The Nikkei stock average rose 1.1 percent on Wednesday, rebounding from a three-month closing low the previous day, buoyed by exporters such as Canon Inc (7751.T: Quote, Profile, Research) on a softer yen and after gains on Wall Street.

Machinery stocks also powered higher after Japan's May core machinery orders largely beat economists' consensus. [ID:nTKU003403]

As of 0001 GMT, the benchmark Nikkei .N225 had added 136.79 points to 13,169.89, after sliding 2.5 percent on Tuesday to book its lowest close since April 15.

The broader Topix gained 1 percent to 1,295.75. (Reporting by Aiko Hayashi)

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