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Nikkei edges up but economic worry weighs

Published 06/16/2009, 10:05 PM
Updated 06/16/2009, 10:08 PM

TOKYO, June 17 (Reuters) - Japan's Nikkei stock average edged up 0.4 percent on Wednesday but stalled in the face of renewed worries about a U.S. economic recovery, with Mitsubishi Corp and other resource shares down on lower oil and metal prices. Sanyo Electric Co surged over 6 percent after saying it had secured car makers in the United States, Japan and Europe as buyers of its auto-use lithium-ion batteries, as it looks to take advantage of growing demand for hybrid cars.

The benchmark Nikkei gained 39.09 points to 9,791.97, a day after losing 2.9 percent, its biggest one-day percentage fall since March 30. The broader Topix rose 0.4 percent to 918.77. (Reporting by Elaine Lies)

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