TOKYO, Dec 12 (Reuters) - Japanese stocks edged up on
Tuesday morning in choppy trade supported by gains in financial
stocks, mining shares and shippers, with investors on
tenterhooks ahead of this week's U.S. Federal Reserve policy
The Nikkei share average rose 0.1 percent to
22,949.88 in midmorning trade, after opening flat. The broader
Topix added 0.3 percent to 1,818.16.
The market may stay directionless throughout the day as
investors are expected to remain on the sidelines before the
Fed's two-day policy meeting ends on Wednesday, at which the
central bank is widely expected to raise interest rates.
Mining and shipping led the gains, with Inpex Corp
soaring 2.6 percent, Mitsui OSK Lines surging 2.5
percent and Kawasaki Kisen advancing 1.7 percent.
Shippers' gains were supported after Baltic dry index of freight
charges rose overnight to hit its highest level since
Banking, securities and insurance stocks were also in
demand. Mitsubishi UFJ Financial Group rose 1.9
percent, Nomura Holdings gained 1.8 percent and
Dai-ichi Life Holdings was up 1.6 percent.
On the other hand, food companies languished. Condiment
maker Ajinomoto Co shed 2.2 percent and soy sauce maker
Kikkoman Corp dropped 1.4 percent.
(Reporting by Ayai Tomisawa; Editing by Eric Meijer)
© 2017 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.