TOKYO: Japan’s Nikkei share average rose on Tuesday, buoyed by overnight gains on Wall Street and a decline in crude oil prices.
The advance in Japanese stocks accelerated in the afternoon session after strong demand at a closely watched sale of 10-year Japanese government bonds allayed worries about the debt market.
The Nikkei ended the day up 1.1 percent at 70,683.98 and the broader Topix climbed 0.9 percent to 4,183.56.
Among the Nikkei’s 225 components, 165 rose and 55 fell, with 5 ending flat.
The 10-year JGB auction drew the highest demand since May, and saw bond yields slip back from earlier highs. Worries about Prime Minister Sanae Takaichi’s expansionary fiscal policies and a selloff in French sovereign debt have led to bond yields spiking to multi-decade peaks this month.
Japanese tech shares were more of a mixed bag, with chip-equipment maker Advantest gaining 3.9 percent and cable maker Fujikura jumping 5.2 percent to be among the Nikkei’s biggest risers, while AI-focused startup investor SoftBank Group lost 3.1 percent to be the index’s worst performer.
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