Nikkei edges up in volatile trade, but auto sector weak

Japanese stocks edged higher in volatile trade on Tuesday as a pause in sterling’s fall offered some respite, but gains were capped by weakness in automakers.

Investors remained cautious on growing worries about the global economic fallout from Britain’s vote to leave the European Union.

The Nikkei ended 0.1 percent higher at 15,323.14 after falling to as low as 14,987.79 earlier.

The broader Topix shed 0.1 percent to 1,224.62 and the JPX-Nikkei Index 400 declined 0.1 percent to 11,057.32.

Source: Reuters