Japanese Market Advances

(RTTNews) - The Japanese stock market is advancing on Thursday following the positive cues overnight from Wall Street on upbeat corporate earnings results from major companies, while a weaker yen boosted exporters' shares.

The benchmark Nikkei 225 Index is adding 115.77 points or 0.51 percent to 22,741.15, after rising to a high of 22,771.52 earlier.

The major exporters are mostly higher on a weaker yen. Panasonic is advancing more than 1 percent, Canon is rising 0.7 percent and Mitsubishi Electric is adding 0.4 percent, while Sony is down 0.6 percent.

In the tech space, Tokyo Electron is advancing more than 1 percent, while Advantest is declining 0.7 percent.

The Nikkei business daily reported that tech giant Apple will be among a group of backers expected to provide as much as 40 billion yen in support for troubled screen maker Japan Display or JDI. Shares of Japan Display are gaining more than 10 percent.
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