Japan Hot Stocks-Chuo Mitsui, Pioneer, Asahi Glass, T&D Holdings
TOKYO, Nov 6 - The benchmark Nikkei average <.N225> rose 1 percent and the broader Topix <.TOPX> gained 0.1 percent on Friday.
The following stocks were on the move: **CHUO MITSUI TRUST <8309.T> DOWN AFTER MERGER TALKS NEWS**
Chuo Mitsui Trust Holdings Inc fell 2.5 percent to 312 yen after the trust bank and Sumitomo Trust and Banking <8403.T> said they were in talks to merge. [ID:nT212956]
Shares of Sumitomo Trust dropped 0.4 percent to 478 yen.
The banks are scheduled to hold a news conference on the merger at 0700 GMT. 0418 GMT **PIONEER <6773.T> JUMPS ON UPGRADE AFTER FUNDING CUT PLAN**
Pioneer Corp advanced 7.5 percent to 243 yen after UBS upgraded the consumer electronics company to "neutral" from "sell" after it said on Thursday that it needs to raise less funds than previously planned.
Pioneer President Susumu Kotani told a news conference that the amount of fund-raising planned by the company for the financial year ending in March will be reduced by around half from an original 40 billion yen target. 0333 GMT **ASAHI GLASS <5201.T> JUMPS AFTER LIFTING FORECAST**
Asahi Glass Co Ltd jumped 6.9 percent to 818 yen after lifting its full-year operating profit forecast by 80 percent, citing bigger-than-expected shipments of its glass substrates used for flat panel displays.
The company said it now expects 72 billion yen ($793.4 million) in operating profit for calendar 2009, up from 40 billion yen in its previous forecast. 0117 GMT **T&D HOLDINGS SINKS AFTER SAYING MAY SELL NEW SHARES**
T&D Holdings Inc <8795.T> dropped 8 percent to 2,180 yen after the insurance company gave notice on Thursday that it may raise up to 120 billion yen to repay debt by selling new shares. [ID:nT182153]
The firm said it had hired Nomura Holdings Inc and Daiwa Securities SMBC, the investment banking arm of Daiwa Securities Group, to handle the proposed sale. 0045 GMT **NEC <6701.T> JUMPS AFTER ANNOUNCEMENT TO ISSUE SHARES**
NEC Corp <6701.T> leapt 6.5 percent to 264 yen after Japan's top PC maker said it would raise up to 133.9 billion yen ($1.5 billion) in a share offering, to shore up its capital and invest in growth businesses [ID:nTFA006491] 0020 GMT **TOYOTA <7203.T> UP AFTER Q2 PROFIT, HALVES LOSS FORECAST**
Toyota Motor Corp <7203.T> rose 1.4 percent to 3,640 yen after it announced a surprise quarterly profit and halved its annual loss forecast. [ID:nT145640]. 0008 GMT