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Nikkei kicks up as Renesas, Sharp leap

Published: August 29, 2012 | 6:44 am
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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

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