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Nikkei up 0.8 pct on softer yen, firmer China shares

Published 12/13/2010, 01:13 AM
Updated 12/13/2010, 01:16 AM

TOKYO, Dec 13 (Reuters) - Japan's Nikkei average clawed back towards a seven-month high hit last Friday, as Chinese shares showed resiliance to Beijing's efforts to curb inflation and as a softer yen supported exporters.

The market has been jittery about tightening steps in China, so investors in Tokyo greeted the increase in bank reserve requirement ratios on Friday, followed by today's gains in closely watched Chinese equities, with some relief, adding to the positive mood.

The benchmark Nikkei closed the day up 81.94 points at 10,293.89.

The broader Topix index rose 1 percent to 897.40. (Reporting by Antoni Slodkowski; Editing by Chris Gallagher)

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