TOKYO
(dpa-AFX) - The Japanese stock market is modestly higher on Wednesday in choppy trades, with a weaker yen lifting exporters' stocks. Investors are treading cautiously following news of the terror attacks in
Brussels
.
In late-morning trades, the benchmark Nikkei 225 Index is adding 28.28 points or 0.17 percent to 17,076.83, off a high of 17,142.08 in early trades.
Among the major exporters, Sony is edging up 0.02 percent, Toshiba is edging up 0.05 percent and Canon is adding 0.6 percent.
Sharp is gaining 1.6 percent after the Nikkei business daily reported that the company and
Taiwan's
Hon Hai Precision are discussing a lower price for a rescue package.
Automaker Toyota is up 0.4 percent, while Honda is losing almost 1 percent. In the banking space, Mitsubishi UFJ Financial is lower by 0.07 percent.
In the oil space, Inpex is lower by 0.6 percent and refiner JX Holdings is losing more than 1 percent following the decline in crude oil prices overnight.
Nintendo Co. is losing 0.4 percent after it said it will end production of the Wii U video game console this year due to sluggish sales
Among the other major gainers, Kajima Corp is rising more than 3 percent and DeNa Co. is gaining more than 2 percent. Meanwhile, Taiheiyo Cement is losing almost 3 percent and Sumitomo Heavy Industries is lower by more than 2 percent.
In the currency market, the
U.S.
dollar traded in the lower
112 yen-level on Wednesday, up from Tuesday's close in the upper
111 yen-range in
Tokyo
.
On Wall Street, stocks closed mixed on Tuesday after recovering from initial weakness following news about the terrorist attacks in the Belgian capital of
Brussels
. Some traders were already away from their desks ahead of the Easter holiday.
While the tech-heavy Nasdaq climbed 12.79 points or 0.3 percent to a more than two-month closing high of 4,821.66, the Dow dipped 41.30 points or 0.2 percent to 17,582.57 and the S&P 500 edged down 1.80 points or 0.1 percent to 2,049.80.
The major European markets all moved to the upside on Tuesday. While the German DAX Index rose by 0.4 percent, the
U.K.'s
FTSE 100 Index and the French CAC 40 Index both edged up by 0.1 percent.
Crude oil saw considerable volatility on Tuesday before closing modestly lower. In its first day as the front-month contract, crude for May delivery edged down $0.07 to $41.45 a barrel on the New York Mercantile Exchange.
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