Nikkei snaps losing streak

TOKYO - Japanese stocks rose yesterday, snapping a four-day losing streak, with gains led by builders on healthy orders, and banks such as Resona Holdings on signs of reform.

Shares related to hay-fever prevention such as mask maker Vilene Co also drew heavy trade as the country braces for one of its worst-ever seasons. But technology stocks were weak as consumer electronics firm Sony Corp extended falls into a second session after a profit warning, and amid concerns about disappointing earnings outlooks from US counterparts.

The Nikkei climbed 0.45 per cent or 51.12 points to close at 11,289.49, erasing early losses and shrugging off declines in US stocks. The broader Topix index added 0.62 per cent to 1139.18.

- REUTERS