Japanese shares rose, after the Topix index yesterday fell the most in a month, as machinery makers and brokerages led gains.

The Topix added 0.2 percent to 1,236.82 as of 9:01 a.m. in Tokyo, with more than two shares rising for each that fell. The measure slid 0.8 percent yesterday, the most since May 19. The Nikkei 225 Stock Average increased 0.2 percent today to 14,963.48. The yen held at 101.88 per dollar after rising 0.2 percent yesterday.

Futures on the Standard & Poor��s 500 Index were little changed. The gauge climbed 0.1 percent yesterday as corporate deals and growth in American manufacturing overshadowed escalating tension in Iraq.

Data showed U.S. industrial production expanded more than forecast in May, a sign gains in manufacturing are supporting growth as the U.S. economy picks up. The New York Fed��s Empire manufacturing report rose to 19.28, exceeding the average estimate of 15 in a Bloomberg survey of economists, a separate report indicated.

Source : Bloomberg