Japanese Stocks Advance on Low Volume as Investors Wait on Fed
- S&P 500 jumps for second day to highest close in four weeks
- August trade deficit widens as exports rise, imports fall
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Japanese stocks rose for a second day on lower volume as investors await a Federal Reserve decision on U.S. interest rates. Brokerages led gains while drugmakers fell.
Sensor maker Keyence Corp. jumped 6.6 percent and air-conditioner maker Daikin Industries Ltd. gained 4.2 percent after BNP Paribas SA rated the stocks a buy. Omron Corp., an electronic components maker, added 4.4 percent after saying it will buy California-based robotics company Adept Technology Inc. Shizuoka Bank Ltd. sank 2.9 percent after Credit Suisse Group AG initiated coverage on the regional lender with an underperform rating.