Nikkei rises 0.9 pct but yen weighs; Nidec strong

TOKYO, Aug 18 (BestGrowthStock) – Japan’s Nikkei average rose 0.9
percent on Wednesday, with investors buying shares on dips after
the index hit an eight-month closing low the day before, though
rises were limited by the yen’s persistent strength against the
dollar.

Nidec Corp (6594.OS: ), a precision motor manufacturer, jumped
nearly 4 percent after it said it would buy the motors business
of U.S. firm Emerson Electric Co (EMR.N: ) in a deal the Nikkei
newspaper said could be worth up to $820 million, leveraging the
yen’s strength to expand abroad via acquisitions. [ID:nTOE67G083]

The benchmark Nikkei (.N225: ) gained 78.86 points to 9,240.54.
On Tuesday, it finished at its lowest since Nov. 27 last year.
The broader Topix (.TOPX: ) rose 1 percent to 835.23.
(Reporting by Aiko Hayashi; Editing by Michael Watson)

Nikkei rises 0.9 pct but yen weighs; Nidec strong