TOKYO, Sept 2 (Reuters) - Japanese shares rose on Wednesday
after positive data on the U.S. manufacturing sector spurred
hopes of a global economic recovery remains on track to bounce
back from the COVID-19 pandemic.
Stocks also got a boost after Chief Cabinet Secretary
Yoshihide Suga emerged as the leading candidate to replace
outgoing Prime Minister Shinzo Abe at a leadership election
expected this month.
If Suga becomes the new prime minister, this would suggest
few major changes to economic policy and lesser chances of
political instability, which are positives for equities,
The Nikkei 225 Index rose 0.31% to 23,209.27 by 0204
GMT, while the broader Topix index was up 0.2% at
The stocks that gained the most among the top 30 core Topix
names were electronic parts maker Murata Manufacturing Co Ltd
up 2.68%, followed by industrial robot maker Fanuc Corp
Japan's capital goods sector got a boost after the Institute
for Supply Management said on Tuesday that U.S. manufacturing
activity accelerated to a nearly two-year high in August.
The underperformers among the Topix 30 were drugmaker
Astellas Pharma Inc down 2.07%, followed by mobile
carrier KDDI Corp losing 1.15%.
There were 82 advancers on the Nikkei index against 136
The volume of shares traded on the Tokyo Stock Exchange's
main board was 0.43 billion, compared to the average of
1.16 billion in the past 30 days.
(Editing by Amy Caren Daniel)