17.04.201301:25:25UTC+00Japan stocks boost following U.S. surge

Japanese stocks started the Wednesday action higher, taking a cue from Wall Street as equities recover some losses from a sharp selloff. The Nikkei Stock Average advance 124 points, or 0.9%, to 13,345.43 in the early minutes, and the broader Topix increase 1.1%. With a pullback in the Japanese yen, shares of some major exporters advance on a greater state, with Sony Corp. boosting 3.1%, Toyota Motor Corp. trading 1.7% higher and Honda Motor Corp. surging 1.6%. Meanwhile, shares of Nomura Holdings Inc. skid 0.1% after Italian police froze 1.8 billion euro($2.35 billion) from a unit of the investment bank as part of an investigation into Italy's Banca Monte dei Paschi di Siena. Shares of wireless telecom Softbank Corp. bolster 2.1%, winning back a portion of their 6.8% drop on Tuesday after Dish Network Corp. topped its bid for U.S. peer Sprint Nextel Corp.