Nikkei holds gains on China growth optimism

TOKYO (BestGrowthStock) – Japan’s Nikkei average rose 0.2 percent Tuesday as upbeat Chinese economic data encouraged buying in such China-related firms as commodity stocks and construction equipment makers.

Also helping the rise was buying by overseas investors, who picked up stocks in the brokerage sector. Foreign funds have been aggressively buying lagging Tokyo shares, pushing the Nikkei up more than 12 percent over the past six weeks.

The benchmark Nikkei rose 22.88 points to 10,316.77.

The broader Topix index gained 0.5 percent to 901.89.

(Additional reporting by Ayai Tomisawa; Editing by Michael Watson)

Nikkei holds gains on China growth optimism