TOKYO: Japanese stocks ended higher for a second consecutive session on Tuesday, recovering from last week’s sharp sell-off, as growing optimism around domestic and US corporate earnings boosted sentiment.
The Nikkei index closed up 0.97% at 28,362.17 points, with consumer goods, materials makers and real estate companies leading gains. The broader Topix rose 0.83% to 1,844.91.
Leading gains on Topix, Central Japan Railway Co rose 3.31%, followed by Sony Corp gaining 3.05%.
The biggest decliners were Keyence Corp and Hoya Corp, falling 2.12% and 1.81%, respectively.
There were 154 advancers on the Nikkei index, against 68 decliners.
The volume of shares traded on the Tokyo Stock Exchange’s main board was 1.03 billion, compared with the last 30-day average of 1.16 billion.
Japanese stocks took their lead from an overnight jump in US tech shares ahead of earnings from Amazon.com and Alphabet Inc later in the day. In addition, many Japanese companies are reporting earnings this week, and some investors are betting that a gradual recovery in the global economy will lift profits.
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