Japanese stock market opened high april 25 2012

Japanese stock market opened high april 25 2012, Nikkei 225 index , The Japanese stock market opened on a firm note on Wednesday with investors picking up stocks following the lead from Wall Street, where the Dow surged higher overnight.

The benchmark Nikkei 225 index, which soared to 9,582.7 in early trades, gave up some gains subsequently and is currently up 69.1 points or 0.7 percent at 9,537.1.

Stocks from steel, non-ferrous metals, banking and automobile sectors surged higher on some hectic buying in early trades. Precision instruments, real estate, retail and pharmaceuticals stocks are also mostly trading in positive territory. Electric power and foods stocks are trading mixed.

Nisshin Steel is gaining nearly 4 percent. Chugai Pharmaceutical, Sony Financial Holdings, Fanuc Corp, Sumitomo Realty & Development, Daikin Industries, Credit Saison, Konica Minolta and Asahi Glass are up 2 to 2.8 percent.

Mitsumi Electric, Advantest Corp, Sumco, Dainippon Screen, Kawasaki Kisen, Nippon Light Metal, Mitsui OSK Lines, Daiichi Sankyo and Mitsubishi Materials are also up with strong gains.

Shares of Ibiden rose sharply after Apple Inc. reported a whopping 94 percent jump in net profit in the January-March 2012 quarter.

Hitachi High-Technologies moved higher in early trades with investors picking up the stock following an announcement from the company on Tuesday that its net profit will likely jump 32 percent for the year ending March 2013.

Among bank stocks, Aozora Bank, Shinsei Bank, Chiba Bank, Bank of Yokohama, Mitsubishi UFJ Financial and SMFG are up 1.3 to 2 percent, while Mizuho Financial is trading 0.8 percent up.

Automobile stocks Mazda Motor, Isuzu Motors and Nissan Motor are up 1.2 to 2 percent. Honda Motor, Hino Motors, Suzuki Motor and Toyota Motor are up with modest gains, while Mitsubishi Motors is trading flat.

Yahoo Japan, Ricoh, Japan Tobacco, Showa Denko KK and Kansai Electric Power are down 1 to 2.2 percent.

In economic news, Japan is scheduled to release final March figures for machine tool orders. Little change is expected for tool orders from the preliminary reading that suggested an increase of 2.4 percent on year.

In the currency market, the U.S. dollar traded in the lower 81 yen range in early deals in Tokyo. The yen is currently trading at 81.41 to the U.S. dollar.

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