Japan Markets Open Higher; Nikkei Up Over 100 Points

Japanese stocks were trading higher on Tuesday. The Nikkei 225 gained 0.57 percent, or 103.5 points to 18,378.50, and the TOPIX fell 0.53 percent, or 7.8 points to 1,474.73.

Labour cash earnings increased 0.1 percent year-over-year in October, versus economists’ expectations for a 0.2 percent growth.

iShares MSCI Japan ETF EWJ shares fell 0.12 percent to close at $49.56, while iShares MSCI Pacific ex-Japan Idx (ETF) EPP rose 0.24 percent to close at $41.28 on Monday.

The USD/JPY pair is trading at 117.79 on Tuesday.

West Texas Intermediate for January delivery fell 0.91 percent to trade at $51.32 per barrel on the NYMEX, while Brent for January settlement fell 0.67 percent to $54.56 per barrel on the ICE Futures Europe exchange.

U.S. markets closed higher on Monday, with the Dow gaining 0.24 percent to 19,216.24, and the NASDAQ gaining 1.01 percent to 5,308.89.

Top market movers among the Japanese market are as follows:

• Shares of Kuroda Precision Industries Ltd (7726) climbed around 36 percent to 606.0 JPY.
• Onex Corp (5987) shares rose around 30 percent to 152.0 JPY.
• Global-Dining Inc (7625) shares increased over 23 percent to 433.0 JPY.

• Jalco Holdings Inc (6625) declined over 12 percent to 132.0 JPY.
• Tamai Steamship Co Ltd (9127) shares dropped around 11 percent to 106.0 JPY.
• Kitac Corp (4707) shares fell 10 percent to 329.0 JPY.