Japan stocks open sharply higher after U.S. gains

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Japan stocks open sharply higher after U.S. gains
LOS ANGELES (MarketWatch) -- Japanese stocks jumped Tuesday, reclaiming some heavy recent losses after Wall Street rallied as European leaders looked at ways to bulk up a regional bail-out fund. The Nikkei Stock Average advanced 1.4% to 8,489.19, while the Topix was up 1.3%. Tech and auto exporters, which had been among the worst hit from European jitters, climbed Tuesday: Renesas Electronics Corp. rose 2.7%, Fujitsu Ltd. was up 3%, Subaru-maker Fuji Heavy Industries Ltd. gained 2.6%, and Nissan Motor Co. added 2.7% to its value. Material-sector stocks also recouped some ground, with JFE Holdings Inc. and Nippon Steel Corp. each higher by 2.3%, while energy major Inpex Corp. ahead by 2.4%.