TOKYO: Japan’s Nikkei share average closed higher on Tuesday as optimism grew from reports that Tehran is considering attending peace talks with Washington in Pakistan, lifting risk appetite and prompting investors to buy domestic heavyweight tech stocks.
The Nikkei rose 0.89 percent to 59,349.17. The broader Topix gave up early gains to end 0.18 percent lower at 3,770.38.
The United States expressed confidence that peace talks with Iran would go ahead in Pakistan and a senior Iranian official said Tehran was considering joining, but significant hurdles and uncertainty remained as the end of the ceasefire approached.
In Japan, chip-related shares climbed, with Tokyo Electron and Advantest up 3.46 percent and 0.37 percent, respectively.
Kioxia Holdings jumped 7.31 percent and technology investor SoftBank Group surged 8.53 percent.
“The market might be too optimistic about the aftermath of the war. There is a concern about the impact of the disruption of the supply chain,” said Takamasa Ikeda, senior portfolio manager at GCI Asset Management.
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