TOKYO: Japan’s Nikkei share average rose 6% on Tuesday in a widespread rally, rebounding from a 1-1/2-year low hit in the previous session, as local traders assessed strong performances of US technology stocks.
As of 0020 GMT, the Nikkei index was up 5.9% at 32,959.59.
The broader Topix traded 6.14% higher at 2,428.64.
The S&P 500 and the Dow closed lower, but the technolog-heavy Nasdaq posted marginal gains on Monday after a roller coaster session, with investors worried about an economic slowdown and rising inflation as US President Donald Trump dug in his heels on tariffs, warning he could further increase levies on China.
In Japan, chip-making equipment maker Tokyo Electron jumped 8.85% and chip-testing equipment maker Advantest surged 11%.
Japan’s Nikkei sinks to 1-1/2-year low as bank shares tumble
Bank shares also advanced, with Mitsubishi UFJ Financial Group surging 12% and Mizuho Financial Group up 13%.
All 33 industry sub-indexes of the Tokyo Stock Exchange saw gains, with the banking index leading the charge, soaring 11% to become the top performer.
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