Japanese stocks rose Tuesday morning as traders bought steel and bank issues. The dollar slipped against the yen. The Nikkei 225 index rose 96.14 points, or 0.73 percent, to 13,323.88 points on the Tokyo Stock Exchange to end the morning session. The index lost 131.77 points, or 1 percent, Friday. Japanese financial markets were closed Monday for a national holiday. Steel and banking issues were among the gainers. The broader Topix index, which includes all issues on the exchange's first section, rose 12.92 points, or 0.94 percent, to 1,385.44 points. Japanese stocks shrugged off losses Monday in New York, where Delphi Corp.'s bankruptcy filing and lowered outlooks at Northrop Grumman Corp. and Xilinx Inc. set a gloomy tone on Wall Street ahead of quarterly earnings reports. The market extended last week's losses as investors grew anxious for third-quarter earnings to gauge the impact of hurricanes Katrina and Rita, and to get a glimpse of where the economy is headed as companies forecast future results. The Dow Jones industrial average lost 53.55, or 0.52 percent, to 10,238.76, and the Nasdaq composite index sank 0.55 percent to 2,078.92. In currency trading, the dollar bought 114.04 yen on the Tokyo foreign exchange market at 11 a.m. (0200 GMT) Tuesday, up 0.70 yen from late Friday, but below the 114.15 yen it bought in New York late Monday. The euro fell to US$1.2036 from US$1.2166 late Friday. The yield on the10-year Japanese bond was unchanged from Friday's finish of 1.5100 percent with a price of 99.91 points.