TOKYO, Oct 2 (Reuters) - Japanese shares inched up on Friday with investors clinging to hopes for more U.S. fiscal stimulus as the Tokyo Stock Exchange resumed trading after a full-day of system outage the previous day.
The small gains in Nikkei followed Wall Street's extended rally as investors pinned their hopes on the progress over stimulus talks in Washington as economic recovery from the pandemic-induced recession appears to lose momentum. .N
The market took the impact of Thursday's outage in its stride, with traders relieved that the system was recovered after an unprecedented one-day shutdown due to technical troubles. market is driven more by gains in U.S. shares than by the system troubles at the TSE. The glitch is not affecting the market overall," said Maki Sawada, equity strategist at Nomura Securities.
By late morning trade, the market's turnover had reached 1.20 trillion yen ($11.37 billion), a little higher than usual.
Department store operators, one of the worst-hit segments this year, extended their strong recovery after a leading firm, J.Front Retailing 3086.T , upgraded its earnings forecast earlier this week.
Nishimatsuya 7545.T , operator of infant goods stores, rose 6.8% to a 4-year high, after it too raised its earnings forecast.
In contrast, investors rotated out of this year's winners such as drugmakers.
($1 = 105.58 yen)
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