Japanese Stock Gains, Banks and Tepco Rise

The Nikkei Stock Average rose 0.4% to as low as 9486.04 and the Topix index rose 0.4% to as low as 815.56. Shares of Sumitomo Mitsui Financial Group Inc. up 0.7%, Shinsei Bank Ltd. gained 1.3%, and Citigroup Inc. shares are listed in Tokyo rose 2.5% after gains in U.S. stocks.

Tokyo Electric Power Co. rose, gaining 12.6% after a Dow Jones Newswires reported Japan's cabinet has approved draft legislation to parliament nuclear compensation.

Mitsubishi Motors Corp. led the automotive sector, with shares up 2.1%, after estimating an increase of 28% for its fiscal year profit.

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