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