Japanese stocks rise for the fourth consecutive session and Sharp shares achieve a wide gains

Japanese shares ended the trading on Wednesday elevated to continue to rise for the fourth consecutive session, after a rise in US stocks on Wall Street, and Sharp shares achieved the biggest gain in two months.

The Nikkei average closed up almost 35.30 points or 0.21 percent to 16,998.91 points, and the TOPIX index rose 0.63 points, or 0.05 percent to 1,357.20 points.

Japanese stock indices ended yesterday's session higher by about 0.3 percent, in the third daily gain in a row, supported by gains of electrical appliances exporters stocks, and low risk by the Chinese economic growth data curb gains.

Sharp shares rose 11 percent, the biggest gain in two months, after the company said it expects a dramatic improvement in the annual profits, due to efforts to restore profitability, in addition to the impact of the merger with Foxconn in August last.

And Nichiro Corp shares climbed 5 percent after the Nikkei newspaper reported that the company's earnings may have doubled in the third quarter after the yen reduced its imports cost.

In China data released today showed a rise in the GDP by 6.7 percent in the third quarter, according to most economic estimates, and the second largest economy in the world recorded a growth rate of 6.7 percent in the second quarter.

Futures for the S & P 500 fell 0.1 percent, and the index closed yesterday's session on Wall Street, up by 0.6 percent, after Goldman Sachs Group Inc. achieved a quarterly earnings better than expected during the third quarter, and Netflix recorded the highest level in nine months after the company took a leap in the number of subscribers.