TOKYO, Nov 13 (Reuters) - Japan's Nikkei share average
inched higher on Thursday, as the U.S. Congress voted to end the
historic federal shutdown, while the broader Topix index rose to
a fresh peak on value-buying.
The Nikkei rose 0.3% to 51,189.21 by 0154 GMT. The
Topix was up 0.63% at 3,380.53 after rising to a record
high of 3,389.12 earlier in the day, extending gains to a fourth
session.
A deal to end the longest government shutdown in U.S.
history cleared Congress on Wednesday, after the House of
Representatives voted to restart disrupted food assistance, pay
hundreds of thousands of federal workers and revive a hobbled
air-traffic control system.
In Japan, chip-related Advantest ( ADTTF ) rose 2.95% to
become the biggest source for the Nikkei's gain.
Fibre optic maker Fujikura ( FKURF ) advanced 4.36%, while
peers Furukawa Electric ( FUWAF ) and Sumitomo Electric
jumped 13% and 7%, respectively.
SoftBank Group fell 4.54% to weigh the most on the
Nikkei.
Bank shares rose, with Mitsubishi UFJ Financial Group ( MUFG )
climbing 1.83%. Sumitomo Mitsui Financial Group ( SMFG )
and Mizuho Financial Group ( MFG ) gained 1.19% and
2%, respectively.
"Investors started buying value stocks. This move is similar
to what is going on in the U.S.," said Kazuaki Shimada, chief
strategist at IwaiCosmo Securities.
Wall Street's main indexes closed mixed on Wednesday, with
the Dow Jones Industrial Average notching a record-high
close and the Nasdaq losing ground as investors rotated
out of pricey technology stocks.
"Money has started flowing to broader stocks and sectors in
Japan," Shimada said.
The utility sector jumped 2.33% and the brokerage
sector rose 2.15%.
Of the more than 1,600 stocks trading on the Tokyo Stock
Exchange's prime market, 64% rose, 30% fell and 4% traded flat.