Nikkei rises on strong U.S. data, weak yen; Sharp tumbles on profit warning

TOKYO, Jan 19 (Reuters) – Japan’s Nikkei share average rose on Monday after strong U.S. economic data buoyed sentiment and the weaker yen helped exporters such as Honda Motor Co, but Sharp Corp tumbled on a profit warning.

The Nikkei rose 0.9 percent to 17,014.29, recovering from a 2-1/2-month low of 16,592.57 hit on Friday.

But trading was thin, with only 2.040 billion shares changing hands, the lowest since Dec. 30 as there were fewer participants with the U.S. markets shut on Monday for a holiday.

The broader Topix gained 0.6 percent to 1,372.41. The JPX-Nikkei Index 400 advanced 0.7 percent to 12,469.58.

Sharp dived 8.8 percent after it warned on Monday it will likely miss this year’s earnings target.

(Reporting by Ayai Tomisawa)

Nikkei Futures

nikkeifutures.org@imediaone.com

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