LOS ANGELES – Japanese stocks rose early Wednesday as the market repopened after a holiday break, catching up to regional gains the previous day as well as an advance in U.S. shares overnight. The Nikkei Stock Average tacked on 0.7% to 14,824.97, with the broader Topix up 1.3%. Shares of Sony Corp. climbed 1.5% after a Nikkei news report said the firm was in talks with Apple Inc. to double its sales of camera components to the U.S. company for a new iteration of the iPhone. The auto sector saw some strong improvement, with Nissan Motor Co. up 2.5% after posting a 57% jump in quarterly earnings, while Honda Motor Co. also rose 2.5% after recording a 33% surge in its January sales in China. Shares of Softbank Corp. , however, lost 0.5% on the back of a fourth-quarter loss for its Sprint Corp. subsidiary, though the shortfall was below what analysts had expected, according to Thomson Reuters. Among other notable movers, Seven & I Holdings Co. , Mitsubishi UFJ Financial Group Inc. and Nippon Telegraph & Telephone Corp. all rose 2.3% apiece, while KDDI Corp. fell 1.6% and Trend Micro Inc. pulled back by 1.7%.
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