Japan's Nikkei average rose modestly on Tuesday as short-term players bought back shares that had been sold after news of the death of North Korean leader Kim Jong-il raised fears about regional instability.
Investors also picked up scandal-hit Olympus Corp (7733.T), which snapped a four-day losing streak and jumped 16 percent on a report that it was considering a $1.3 billion capital increase, with high-tech stalwarts Sony (6758.T) and Fujifilm (4901.T) cited as possible buyers.
"Some people are obviously seeing that this will add to its net assets and contribute to the financial health of the company and increase the value of the company," said Masayoshi Okamoto, head of dealing at Jujiya Securities. (Reuters)
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