TOKYO, March 1 (Reuters) - The benchmark Nikkei average and the broader Topix both gained 0.9 percent on Monday.
The following stocks were on the move:
**TOYOTA DOWN AFTER US PANEL SAYS CARMAKER HID DATA**
Shares of Toyota Motor edged down 0.5 percent to 3,315 yen, slightly underperforming the broader auto sector, after a U.S. congressional panel said it had found evidence the carmaker withheld company records it should have turned over in court.
The Topix subindex for the auto sector fell 0.3 percent.
Toyota president Akio Toyoda, who attended U.S. congressional hearings last week, will hold a news conference in Beijing on Monday.
0357 GMT
**PARIS MIKI UP AFTER NOMURA'S 'BUY' RATING**
Paris Miki Holdings Inc rose 7.5 percent to 814 yen after Nomura Securities initiated coverage of the eyeglass store operator with a 'buy' rating and target price of 1,000 yen.
'Benefits are emerging from efforts to revive earnings through expanding the mid-price product lineup and restructuring unprofitable stores,' the brokerage said in a note to clients.
0330 GMT
**JAPAN'S MEGABANKS UP ON JP MORGAN UPGRADE**
Japan's three biggest banks, including Mitsubishi UFJ Financial Group, rose after JP Morgan lifted its ratings on them to 'overweight' from 'neutral' citing bank stocks' historical tendency to rally in spring and decreasing risks on their earnings.
Mitsubishi UFJ rose 2 percent to 458 yen, Mizuho Financial Group gained 1.4 percent to 2,897 yen and Sumitomo Mitsui Financial Group climbed 4.1 percent to 179 yen.
0146 GMT
**METAL FIRMS GAIN AFTER JUMP IN COPPER PRICES**
Shares of Sumitomo Metal Mining and other metal firms gained following a jump in copper prices after a massive earthquake in Chile, the world's top copper producer, sparked concern about supply of the metal.
Sumitomo Metal Mining, Japan's second-biggest copper smelter, rose 3.7 percent to 1,308 yen and Mitsui Mining & Smelting advanced 3.7 percent to 253 yen.
Mitsubishi Materials added 3.9 percent to 239 yen and Dowa Holdings gained 3.4 percent to 519 yen.
0053 GMT
**J-STREAM AWASH WITH BUY ORDERS ON SHARE BUYBACK**
Shares of J-Stream Inc were untraded due to a glut of buy orders at 26,300 yen, up 3.9 percent from Friday's close, after the Internet broadcasting firm said it would buy back up to 1.5 percent of its own shares between March 1 and Aug. 31.
0010 GMT
(For IPO news, data and diary, click, for stocks click)
(Reporting by Taiga Uranaka)
((taiga.uranaka@thomsonreuters.com; +81-3-6441-1813; Reuters Messaging: taiga.uranaka.reuters.com@reuters.net))
((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))
Keywords: MARKETS JAPAN STOCKS HOT (Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit http://topnews.session.rservices.com * BridgeStation: view story .134 * Reuters Plus: from your WebDSS screen For more information on Top News, visit http://topnews.reuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The following stocks were on the move:
**TOYOTA DOWN AFTER US PANEL SAYS CARMAKER HID DATA**
Shares of Toyota Motor edged down 0.5 percent to 3,315 yen, slightly underperforming the broader auto sector, after a U.S. congressional panel said it had found evidence the carmaker withheld company records it should have turned over in court.
The Topix subindex for the auto sector fell 0.3 percent.
Toyota president Akio Toyoda, who attended U.S. congressional hearings last week, will hold a news conference in Beijing on Monday.
0357 GMT
**PARIS MIKI UP AFTER NOMURA'S 'BUY' RATING**
Paris Miki Holdings Inc rose 7.5 percent to 814 yen after Nomura Securities initiated coverage of the eyeglass store operator with a 'buy' rating and target price of 1,000 yen.
'Benefits are emerging from efforts to revive earnings through expanding the mid-price product lineup and restructuring unprofitable stores,' the brokerage said in a note to clients.
0330 GMT
**JAPAN'S MEGABANKS UP ON JP MORGAN UPGRADE**
Japan's three biggest banks, including Mitsubishi UFJ Financial Group, rose after JP Morgan lifted its ratings on them to 'overweight' from 'neutral' citing bank stocks' historical tendency to rally in spring and decreasing risks on their earnings.
Mitsubishi UFJ rose 2 percent to 458 yen, Mizuho Financial Group gained 1.4 percent to 2,897 yen and Sumitomo Mitsui Financial Group climbed 4.1 percent to 179 yen.
0146 GMT
**METAL FIRMS GAIN AFTER JUMP IN COPPER PRICES**
Shares of Sumitomo Metal Mining and other metal firms gained following a jump in copper prices after a massive earthquake in Chile, the world's top copper producer, sparked concern about supply of the metal.
Sumitomo Metal Mining, Japan's second-biggest copper smelter, rose 3.7 percent to 1,308 yen and Mitsui Mining & Smelting advanced 3.7 percent to 253 yen.
Mitsubishi Materials added 3.9 percent to 239 yen and Dowa Holdings gained 3.4 percent to 519 yen.
0053 GMT
**J-STREAM AWASH WITH BUY ORDERS ON SHARE BUYBACK**
Shares of J-Stream Inc were untraded due to a glut of buy orders at 26,300 yen, up 3.9 percent from Friday's close, after the Internet broadcasting firm said it would buy back up to 1.5 percent of its own shares between March 1 and Aug. 31.
0010 GMT
(For IPO news, data and diary, click, for stocks click)
(Reporting by Taiga Uranaka)
((taiga.uranaka@thomsonreuters.com; +81-3-6441-1813; Reuters Messaging: taiga.uranaka.reuters.com@reuters.net))
((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))
Keywords: MARKETS JAPAN STOCKS HOT (Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit http://topnews.session.rservices.com * BridgeStation: view story .134 * Reuters Plus: from your WebDSS screen For more information on Top News, visit http://topnews.reuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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