Monday, May 28, 2012

Nikkei steadies with support from Fanuc, Fast Retailing

* Fanuc up on upbeat Morgan Stanley MUFG note
* Renesas sags on capital-raising plan
* Nomura pressured by insider trading case

TOKYO, May 28 (Reuters) - Japan's Nikkei average firmed on
Monday after eight straight weeks of declines, helped by gains
from widely held Fast Retailing and Fanuc Corp which outweighed
Renesas Electronics' sharp tumble.
The Nikkei closed up 0.2 percent at 8,593.15,
staying firmly above the 8,500 support level but stopping short
of its 5-day moving av

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