Date: Tuesday 08 Jun 2010
The Nikkei clawed its way out of the red but jitters about the global recovery kept a lid on investor appetite.
Shares in Mitsubishi UFJ Financial fell 2.57%, Sumitomo Mitsui Financial lost 0.8% to 2,609 yen while Mizuho Financial was down 1.24% in Tokyo.
Advantest came under pressure ahead of results from US peers.
Exporters felt some relief as the yen weakened against the euro. Canon added 0.41% while Nissan motored 1.3% higher.
Sentiment picked up after Federal Reserve Chairman Ben Bernanke said he did not expect the US economy to fall back into recession.
The Nikkei 225 index closed up 17 points at 9,538 in Tokyo. The index closed down 4% on Monday, its biggest one day decline in over a year.
The Hang Seng made headway, spurred by upbeat manufacturing data from Germany and encouraging comments from Ben Bernanke. HSBC added 0.9% whileStandard Chartered gained 0.7% in Hong Kong.
A rise in gold prices underpinned demand for Gold Mining. Its shares rallied 3.7% as the precious metal surged close to an all time high as investors sought its safe haven status.
The Hang Seng index settled up 109 points at 19,487 in Hong Kong.
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