Nikkei surges on Intel-fed optimism, Komatsu climbs

TOKYO, July 14 (BestGrowthStock) – Japan’s Nikkei surged 2.7 percent
on Wednesday to break above key resistance, with chip-related
shares powering higher after Intel results beat expectations to
ease fears about the U.S. economic recovery.

In active trade, the benchmark also got a boost from Komatsu
(6301.T: ), which lifted its full-year forecast by 14 percent,
citing better-than-expected first-half sales in Asia and Latin
America, as well as a pick up in demand in Japan and the United
States. [ID:nTOE66C04V]

The benchmark Nikkei (.N225: ) climbed 258.01 points to
9,795.24, cracking resistance at the level of its 25-day moving
average around 9,660. The broader Topix (.TOPX: ) rose 1.9 percent
to 870.73.
(Reporting by Elaine Lies)

Nikkei surges on Intel-fed optimism, Komatsu climbs