LOS ANGELES – Japanese stocks opened sharply higher Monday, with the Nikkei Stock Average advancing 1.1% to 14,242.86 after falling 2.8% Friday, as end-of-the-week gains for U.S. shares and some earnings news helped lift the market. The Topix also saw solid gains, up 0.8% in early moves. Major advances included a 2.5% rise for Hitachi Ltd. , a 4.1% surge for Mitsubishi Motors Corp. , and a 2.6% improvement for KDDI Corp. after the Nikkei business daily said the telecom will report a 50% increase for operating profit in the fiscal first half compared to a year earlier. Sony Corp. added 2% after scoring a Credit Suisse upgrade to outperform. Shares of NTT DoCoMo Inc. traded 1.1% higher after posting above-forecast quarterly results Friday, while JFE Holdings Inc. fell 3.2% after the steel producer also reported earnings.
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