Nikkei rebounds on bargain-hunting, but mining sector weak


Warning: This material has been prepared by a third party company, Reuters, which is independent of Davy. Davy has not reviewed the material and accepts no responsibility for errors or omissions, or for the information or opinions contained therein. It does not constitute investment advice.

TOKYO, Dec 7 (Reuters) - Japan's Nikkei share average rose on Thursday, taking back some ground lost in the previous session as investors sought bargains after the benchmark index skidded its most in 8-1/2 months The Nikkei .N225 ended morning trade up 1.27 percent, or 280.70 points, at 22,457.74, following its biggest fall since March the previous day, after it broke key technical support at its 25-day moving average. Index heavyweight Fast Retailing 9983.T was up 2.1 percent. Pharmaceutical shares .IPHAM.T added 1 percent, while securities shares .ISECU.T were up 0.8 percent. Oil shares .IPETE.T edged up 0.3 percent after crude oil futures steadied following an overnight sell-off. O/R But mining shares .IMING.T slumped 1.9 percent, continuing their weakness as the price of copper CMCU3 wallowed at low levels after dropping more than 4 percent on Tuesday, its biggest daily fall in almost 2-1/2 years. Shares of Advantest Corp 6857.T rose 1.1 percent, after Nikkei reported that the chip company's fiscal year operating profit is seen reaching 20 billion yen ($177.87 million).*:nFWN1O60XH The broader Topix .TOPX rose 1.1 percent, or 19.84 points, to 1,785.26, while the JPX-Nikkei Index 400 .JPXNK400 rose 1.1 percent, or 173.93 points, to 15,816.14. (Reporting by Tokyo markets team; Editing by Jacqueline Wong) ((; +81 3 6441 1870; Reuters Messaging: Keywords: JAPAN STOCKS/MIDDAY

Warning: This content may be provided by regulated and unregulated entities and is not created, reviewed or endorsed by Davy. It is provided for general information purposes only and does not constitute a recommendation or solicitation to purchase or sell any security or make any other type of investment or investment decision. Importantly, it does not constitute investment advice, as it does not contemplate the personal circumstances of any particular person or group of persons. Neither Davy nor the providers of the Third Party Content will be liable for any investment decision made based on the reliance on or use of such data, or any liability that may arise due to delays or interruptions in the delivery of the Third Party Content for any reason.