TOKYO, Oct 8 (Reuters) - Japanese shares rose on Thursday,
following an upbeat Wall Street session overnight, as hopes for
a partial deal on U.S. coronavirus stimulus boosted investor
The benchmark Nikkei share average rose 0.91% to
23,636.35 by the midday break, with 176 advancers on the index
against 42 decliners.
The broader Topix gained 0.62% to 1,656.73.
All but three of 33 sector sub-indexes on the Tokyo exchange
traded higher, with shippers, iron and steel
and paper and pulp leading advancers on the
After abruptly calling off negotiations on a comprehensive
bill on Tuesday, President Donald Trump later urged Congress to
pass piece-meal aid packages for targeted industries, small
business and consumers battered by the coronavirus pandemic.
Tokyo stocks were also boosted by a moderate rise in E-Mini
futures for the S&P 500, up 0.27% in Asian trade, as the
U.S. vice-presidential debate kicked off.
Japan's semiconductor shares rose on positive cues from
their U.S. counterparts, with Screen Holdings jumping
more than 6.6%, Advantest Corp climbing 5.57% and Disco
Corp adding 3.13%.
Bucking the overall firmness, airlines fell
1.14%, as they have been hammered by a collapse in international
air travel due to the coronavirus outbreak.
ANA Holdings fell 1.61% after it proposed to the
labour unions at its main carrier ANA to seek workers to leave
voluntarily. The company also said it was cutting winter bonuses
to zero and reducing monthly salaries.
Meanwhile, Japan Airlines slipped 0.54% after its
president said on Thursday the company wants to bolster discount
carrier operations to capture tourism demand.
Elsewhere, the Mothers Index of start-up firms rose
1.30%, and was set to post gains for a fourth consecutive day.
(Reporting by Eimi Yamamitsu;
Editing by Vinay Dwivedi)