Nikkei inches up, supported by earnings; eyes on G20

TOKYO, Oct 22 (BestGrowthStock) – Japan’s Nikkei rose 0.5 percent on
Friday in a rebound after two days of losses, but investors were
wary of pushing the market higher before seeing the outcome of a
Group of 20 meeting and with the yen hovering near a 15-year high
on the dollar.

But with the earnings season heading into full swing in
Japan, investors snapped up shares of companies that had upbeat
earnings prospects such as Hitachi Ltd (6501.T: ), helping provide
support to the overall market.

The benchmark Nikkei (.N225: ) ended the day up 50.23 points at
9,426.71, after marking its lowest close in three weeks on
Thursday.

The index shed 0.8 percent on the week, weighed down by a
fall of nearly 2 percent on Wednesday after China unexpectedly
tightened credit.

The broader Topix (.TOPX: ) advanced 0.6 percent to 824.88.
(Reporting by Aiko Hayashi; Editing by Joseph Radford)

Nikkei inches up, supported by earnings; eyes on G20