Resona Holdings Inc. and Nomura Holdings Inc.

Nomura Holdings Inc.: Resona Holdings Inc. jumped 5.4 percent after the lender said it would repay public funds by buying back preferred shares. NTT Docomo Inc. 9437 climbed 1.6 percent as the wireless operators shares were upgraded by Nomura Holdings Inc. after it reported financial results on July 25. Hitachi Chemical Co. posted its biggest advance in more than three years after quarterly profit beat estimates and the company announced job cuts. Tokyo Electron Ltd. sank 2.7 percent amid concern its merger with Applied Materials Inc. is stalling, according to Bloomberg. Japanese shares are a little cheap, which means they react a lot to good news, said Koichi Kurose, Tokyo-based chief market strategist at Resona 8308 Bank Ltd. There are good and bad earnings, and shares are reacting accordingly and Japan s Topix index rose, extending a two-week gain, as investors weighed earnings at the start of the busiest two weeks of reporting season. The Topix TPX increased 0.4 percent to 1,286.07 at the close in Tokyo, with about five shares climbing for every three that fell. The measure posted a 1.4 percent advance last week after a 0.7 percent gain the previous period. The Nikkei 225 Stock Average added 0.5 percent today to 15,529.40. (news.financializer.com). As reported in the news.