TOKYO: Tokyo shares closed higher Wednesday, with Mitsubishi Motors soaring on a report that Nissan chief Carlos Ghosn will become chairman while Sharp also rallied after flagging upbeat earnings.
News that China's economy had stabilised in the third quarter also provided support.
"China's economy is showing further signs of stabilising," said Michael McCarthy, chief market strategist at CMC Markets in Sydney.
"Growth rates are at steady levels and is exactly in line with the state of policies to maintain growth between 6.5 percent and 7 percent," he told Bloomberg News.
The benchmark Nikkei 225 index gained 0.21 percent, or 35.30 points, to 16,998.91 while the Topix index of all first-section issues was up 0.05 percent, or 0.63 points, at 1,357.20.
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