TOKYO, June 10 (Reuters) - Japanese shares clawed back lost ground to end the morning trade almost flat on Wednesday as investors rushed to buy growth and start-up stocks on continued hopes of a swift recovery from an economic contraction sparked by the coronavirus crisis.
Both indexes hovered near three-month peaks touched earlier this week.
The rebound came in tandem with gains in U.S. stock futures as hopes of economic recovery after a sharp downturn due to shutdowns continued to underpin the mood.
Takara Bio 4974.T rose 17.5%, by daily limit, to a seven-year high after the Japanese biotechnology firm said it has developed a method to speed up PCR tests for COVID-19.
The parent company Takara Holdings 2531.T was the best performer in the Nikkei, with gains of 7.8%.
Shares in the Tokyo Stock Exchange's Mothers start-up market also outperformed, with its index .MTHR rising 1.6% after hitting a 1-1/2-year high. the other hand, many of value shares - those with relatively cheap valuations - underperformed following stellar gains in the past couple of weeks.
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