India, April 21 -- The Japanese stock market is trading modestly higher on Wednesday after opening in the red, extending the gains in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving above the 59,500 level, with gains in index heavyweights partially offset by weakness in automakers, exporters and financial stocks.
The benchmark Nikkei 225 Index is up 156.56 or 0.29 percent at 59,521.73, after hitting a low of 59,529.12 earlier. Japanese stocks ended significantly higher Tuesday.
Market heavyweight SoftBank Group is surging almost 7 percent, while Uniqlo operator Fast Retailing is losing more than 2 percent. Among automakers, Honda is losing almost 2 percent and Toyota is dec...