Nikkei kicks up as Renesas, Sharp leap

Japanese shares moved higher on Wednesday supported by gains for Sharp Corp (6753.T) and Renesas Electronics Corp (6723.T), which surged 35 percent after sources said U.S. private equity fund KKR & Co (KKR.N) plans to invest about $1.27 billion in the struggling chipmaker.

The Nikkei .N225 rose 0.4 percent to 9,069.81, breaching above its 14-day moving average at 9,056.00, while the broader Topix index .TOPX put on 0.5 percent to 750.03.

Reuters