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stock clarifies 2009 baseball all star game gains, economic baseball all star game uncovers optimism Stocks  |  China  |  Japan * Deal to rescue CIT group relieves financial system worry * Eyes on Japan election, but stock impact limited for now * Resistance strong near 25-day moving average around 9,600 By Elaine Lies TOKYO, July 21 (Reuters) - Japan's Nikkei stock averageclimbed 1.4 percent as optimism about a U.S. economic recoverygrew, reviving investor appetite for riskier assets, withblue-chip exporters such as Canon Inc (7751.T) gaining.Itochu Corp (8001.T) and other trading houses advanced onrising metals prices and firm oil, but trade was light asinvestors turned their attention to politics. Japanese cabinet members signed off on Prime Minister TaroAso's plan to dissolve parliament's lower house on Tuesday foran election expected on Aug 30. [ID:nT98448] Market analysts said investors were watching politicaldevelopments, but that they were unlikely to be a strong tradingfactor for the day, although a slight jump could come afterparliament is actually dissolved. "Now we will have 40 days of a political vacuum, andoverseas investors may not like this very much. They tend to bescared off by political instability," said Noritsugu Hirakawa, astrategist at Okasan Securities. "I think that for the short-term, hopes that the Democratswill take power and cure the parliamentary paralysis, leading tothe smooth passage of bills and policies, will outweigh anyworries about uncertainty." But he added that over the longer term, worries about howthe Democrats would fund their proposed social programmes couldweigh on the market.

Most of the Nikkei's gains came as it moved to play catch-upafter a Monday holiday U.S 2009 baseball all star game tickets . stocks jumped on Monday, with the S&P 500 hitting aneight-month closing high, after CIT Group Inc (CIT.N), a lenderto nearly a million small and mid-sized U.S baseball all star game tickets . companies, reacheda deal with bondholders for $3 billion in emergency financing.[ID:nN206604] "The situation with CIT has eased market worries aboutfinancial instability and increased hopes of economic recovery,leading to a revival of risk appetite," said Hiroichi Nishi,general manager at the equity division of Nikko CordialSecurities baseball all star tickets . The benchmark Nikkei .N225 rose 126.94 points to 9,522.26after rising as far as 9,588.77, while the broader Topix gained 1.7 percent to 893.02 baseball autograph . Strong resistance for the Nikkei is seen just above 9,600,which is where its 25-day moving average --- the often-quotedJapanese proxy for a trading month -- comes in.

"If and when we do break above it, though, this is likely tobecome support, with a spate of buying sending the Nikkeihigher, perhaps quickly," said Nagayuki Yamagishi, a strategistat Mitsubishi UFJ Securities ab workouts . EXPORTERS, CHINA, TRADERS Exporters rose broadly on optimism for the U.S baseball all star game . economy,with Canon up 1.6 percent to 3,140 yen, Panasonic Corp (6752.T)climbing 3.6 percent to 1,250 yen and Sony Corp (6758.T)advancing 1.3 percent to 2,295 yen baseball all star game tickets . Toyota Motor Corp (7203.T), the world's biggest automaker,was up 1.7 percent at 3,570 yen Toyota North America is reworking its U.S .