(Updates with closing prices)
By Junko Fujita
TOKYO, Nov 13 (Reuters) - Japan's Nikkei share average
edged up higher on Thursday, as the historic U.S. government
shutdown ended, while the broader Topix index posted a record
high close on value-buying.
The Nikkei rose 0.43% to close at 51,281.83. The
Topix rose 0.67% to an all-time high close of 3,381.72,
extending gains to a fourth session.
U.S. President Donald Trump on Wednesday signed legislation
ending the longest government shutdown in the country's history.
In Japan, chip-related Advantest ( ADTTF ) rose 4.24% to
become the biggest source for the Nikkei's gain.
Fibre optic maker Fujikura ( FKURF ) advanced 3.16%, while
peers Furukawa Electric ( FUWAF ) and Sumitomo Electric
jumped 12.23% and 7%, respectively.
SoftBank Group fell 3.38% to weigh the most on the
Nikkei.
Bank shares rose, with Mitsubishi UFJ Financial Group ( MUFG )
climbing 2%. Sumitomo Mitsui Financial Group ( SMFG )
and Mizuho Financial Group ( MFG ) gained 1.19% and 2.55%,
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 moved
out of pricey technology stocks.
"Money has started flowing to broader stocks and sectors in
Japan," Shimada said.
The utility sector jumped 3.08% and the brokerage
sector rose 2.08%.
Of the more than 1,600 stocks trading on the Tokyo Stock
Exchange's prime market, 59% rose, 37% fell and 3% traded flat.