Most
Japanese stocks rose, with the Topix index poised to end a three-day
drop, as a report showed machine orders unexpectedly jumped in April.
Mining and real-estate shares led the advance.
The
Topix index gained 0.1 percent to 1,635.88 as of 9:01 a.m. in Tokyo,
with two shares rising for each that fell. The Nikkei 225 Stock Average
added 0.1 percent to 20,123.70. The yen traded at 124.41 per dollar
after strengthening for two days. The Topix surged 16 percent this year
through Tuesday, compared with a 2.5 percent gain by the MSCI World
Index.
E-mini
futures on the Standard & Poor’s 500 Index added 0.1 percent. The
underlying gauge of U.S. equities closed little changed on Tuesday as
banks rallied amid higher bond yields, while airlines weighed on
transportation shares and technology companies slipped.
Reports
Wednesday showed Japanese machinery orders rose 3.8 percent in April
from March. Economists had forecast a 2.1 percent drop. Producer prices
added 0.3 percent in May from a month earlier.
Source : Bloomberg
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