TOKYO: Japan's Nikkei share average on Tuesday briefly recovered to levels before the Covid-19 crisis hammered markets early this year, as sentiment was boosted by treatment hopes, but pared back gains after investors booked profits.
The benchmark Nikkei share average rose 1.35% to 23,296.77, after rising as high as 23,431.04, a level unseen since Feb. 21.
There were 207 advancers on the index against 16 decliners.
The broader Topix gained 1.13% to 1,625.23. All but three of the 33 sector sub-indexes on the Tokyo exchange traded higher, with airlines, textiles and banking being the three top performers. Among top performing sectors, airlines rose 6.03% after US-listed peers jumped overnight. ANA Holdings spiked 7.18%, while Japan Airlines added 4.65%.
Nintendo hit a 12-year high before reversing course to trade 2.25% lower on profit-taking.
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