"There is concern that anti-Japanese protests may reduce investment into China"
- Koji Toda, chief fund manager at Resona Bank Ltd.
Japanese stocks were mixed on Tuesday, as tensions between Japan and China increased, and utilities gained on speculation that Japan will not halt construction of nuclear reactors.
The Nikkei 225 Stock Average surged 1.83 per cent, or 164.24 points, to 9,159.39. The broader Topix Index advanced 1.70 per cent, or 12.65, to 756.88.
"There is concern that anti-Japanese protests may reduce investment into China in the mid and long term," said Koji Toda, chief fund manager at Resona Bank Ltd. in Tokyo. "The situation is uncertain and we don't know how long it will last."
"Carmakers are supposed to be rising the most today, but concerns about various anti-Japanese movements are dragging them down even though the yen is weakening," Resona Bank's Toda said.
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