Japans Topix Heads for Four-Day Advance on Developers, BrokersJapan��s Topix index rose for a fourth day, heading for an almost two-month high, as developers and brokerages led the advance.

Mitsubishi Estate Co., Japan��s largest real estate company by market value, climbed 2.2 percent. Nomura Holdings Inc., the country��s biggest broker, added 1.7 percent. Fuji Heavy Industries Ltd. advanced 1.9 percent after a report the maker of Subaru cars expects to beat its medium-term profit target. Unitika Ltd. plunged by a record after the producer of synthetic fibers sought financial aid from its lenders.

The Topix gained 0.7 percent to 1,203.06 as of 9:37 a.m. in Tokyo, poised for its highest close since a peak of 1,215.89 on April 4. More than two shares rose for each that fell. The Nikkei 225 Stock Average added 0.7 percent today to 14,709.91. The yen held at 101.97 per dollar after being little changed yesterday and falling 0.2 percent the previous day.

Copy Source: Bloomberg