Nikkei edges up after Wall Street gains
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
Comments
Story first published: Wednesday, December 6, 2006, 11:57 [IST]