Nikkei edges up after Wall Street gains

By Staff
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Google Oneindia News

TOKYO, Dec 6 (Reuters) The Nikkei average rose 0.27 percent on Wednesday following gains on Wall Street, but the advance was limited as investors sold exporters such as Toyota Motor Corp. on concerns over a stronger yen.

Investors bought Bridgestone Corp. after the Japanese tyre maker said on Tuesday it would pay $1.05 billion in cash for Bandag Inc., a U.S. maker of retreading materials and equipment, to expand its range of services to cost-conscious truck fleets.

As of 0002 GMT, the Nikkei was up 44.10 points at 16,309.86.

The broader TOPIX index was up 0.28 percent at 1,603.37.

REUTERS SRS VP0550

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