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LEAD: Tokyo stocks rise as exporters gain on renewed recovery hopes.


TOKYO, Nov. 6 Kyodo

(EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. : ADDING DETAILS AND PRICES)

Tokyo stocks rose Friday morning as exporters advanced on improved confidence in the global economic recovery, after upbeat U.S. jobs data lifted the Dow Jones index back to the 10,000 level.

The 225-issue Nikkei Stock Average Nikkei stock average

Applies mainly to international equities. Price-weighted average of 225 stocks of the first section of the Tokyo Stock Exchange started on May 16, 1949. Japanese equivalent of the US Dow.
 gained 110.44 points, or 1.14 percent, to 9,827.88 from Thursday's one-month closing low. The broader Topix index of all First Section issues on the Tokyo Stock Exchange Tokyo Stock Exchange

Main stock market of Japan, located in Tokyo. It opened in 1878 to provide a market for the trading of government bonds newly issued to former samurai.
 was up 1.39 points, or 0.16 percent, to 876.35.

Gainers were led by glass and ceramics, precision machinery and electrical machinery issues. Major decliners included the rubber product, insurance and air transport sectors.

Hopes for upbeat results in closely watched U.S. October nonfarm payrolls and unemployment data, due out later Friday, were raised after a 10-month low in initial jobless claims spurred a rally in New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 stocks Thursday, brokers said.

The renewed recovery optimism particularly lifted technology and other export-oriented shares. But a continued slump in banking and other financial stocks, which has a greater impact on the Topix than the Nikkei, capped gains in the broader index.

''Jitters about an anticipated tightening of capital requirements Capital requirements

Financing required for the operation of a business, composed of long-term and working capital plus fixed assets.
 for banks continue to keep investors away from buying financial shares as they wait for details expected by the end of the year,'' said Yumi Nishimura, a senior equity market analyst at Daiwa Securities SMBC SMBC Sumitomo-Mitsui Banking Corporation
SMBC Stockport Metropolitan Borough Council (UK)
SMBC South Main Baptist Church
SMBC Single Mother by Choice
SMBC Stowe Mountain Bike Club (Stowe, VT) 
 Co. ''This weighed down the Topix index.''

Mizuho Financial Group Mizuho Financial Group, Inc. (株式会社みずほフィナンシャルグループ  lost 3 yen, or almost 2 percent, to 178 yen, while Shinsei Bank lost over 3 percent.

Buying in the Tokyo market was also supported by some bargain-hunting after recent declines, brokers said.

Among notable gainers, Hitachi rose 13 yen, or over 4 percent, to 301 yen, while Canon was up 120 yen, or over 3 percent, to 3,470 yen.

NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98).

NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd.
 jumped 22 yen, or almost 9 percent, to 270 yen. The electronics maker announced Friday morning its first public stock offering in six years with an aim of raising 134.0 billion yen by the end of this month.

Sanyo Electric, the morning volume leader, rebounded from the previous day's sharp decline to gain 7 yen, or about 4 percent, to 179 yen. Value leader Toyota Motor ended unchanged at 3,580 yen.

Meanwhile, Bridgestone fell 49 yen, or over 3 percent, to 1,432 yen after revising downward its group net balance projection for fiscal 2009 ending next month.

On the First Section, declining issues outnumbered advancing ones 1,056 to 490, with 140 others ending the morning unchanged.

Trading volume on the main section came to 921.09 million shares, down from Thursday morning's 982.65 million.

The TSE's Second Section index was down 2.74 points, or 0.13 percent, to 2,136.39 on a volume of 74.70 million shares. On the Osaka Securities Exchange Osaka Securities Exchange (OSE)

Established after World War II, one of the three major securities markets in Japan.
, the near-term December Nikkei 225 index futures contract was up 130 points to 9,830.
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Publication:Japan Weekly Monitor
Geographic Code:9JAPA
Date:Nov 9, 2009
Words:491
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