TOKYO, Feb 12 (Reuters) - Japan's Nikkei share average
rose on Wednesday, led by heavyweight technology stocks, but the
gains were capped due to persistent worries about the U.S.
tariff policy.
The Nikkei rose 0.16% to 38,863.82 by the midday
break. It gained as much as 0.78% earlier in the session.
The broader Topix reversed early gains to fall 0.28%
to 2,725.45.
"Although Japan is not yet a direct target of the tariff
policy of the U.S., whenever we hear about anything new about
this subject, the market becomes nervous," said Shuutarou
Yasuda, a market analyst at Tokai Tokyo Intelligence Laboratory.
"The auto sector is the most sensitive to the tariff
issues."
The U.S. President on Monday raised tariffs on steel and
aluminum imports to 25% from the previous 10%, eliminated
country exceptions, as well as product-specific exclusions, and
promised to announce global reciprocal tariffs within days.
Overnight, the Nasdaq declined, but the Dow Jones
Industrial and S&P 500 climbed.
Japan's stock market was closed on Tuesday for a public
holiday.
Among stocks that lifted the benchmark Nikkei, chip-testing
equipment maker Advantest ( ADTTF ) rose 2.13% and SoftBank Group
gained 2.15%.
Medical services platform operator M3 surged 18% to
become the top percentage gainer on the Nikkei.
Cable makers, a gauge for data centre investments, rose on
the day, with Fujikura ( FKURF ) and Furukawa Electric ( FUWAF )
jumping 6% and 4%, respectively.
Auto stocks slipped 1.32%. The sector
declined as Toyota Motor ( TM ) fell 1.47%, Honda Motor ( HMC )
shed 1.23% and Nissan Motor ( NSANF ) slumped 6.8%.
Brokerages lost 2.13% to become the worst
performing sector among the 33 sub-indexes.
Of the 225 Nikkei components, 85 stocks rose and 137 fell,
while three traded flat.