TOKYO: Japan’s Nikkei share average rose more than 1 percent on Monday, tracking gains in US stock futures on hopes that the historic US government shutdown may end soon.
The Nikkei climbed 1.26 percent to close at 50,911.76. The broader Topix rose 0.56 percent to 3,317.42.
“Market players bought stocks as they priced in gains for Wall Street shares later in the day, with hopes that the US government shutdown will be over soon,” said Kazuaki Shimada, chief strategist at IwaiCosmo Securities.
S&P and Nasdaq futures were last up 0.75 percent and 1.28 percent, respectively.
The US Senate on Sunday moved forward on a measure aimed at reopening the federal government and ending a now 40-day shutdown that has sidelined federal workers, delayed food aid and snarled air travel.
In Japan, chip-testing equipment maker Advantest rose 3.81 percent, chip-making equipment maker Tokyo Electron was up 4.27 percent and technology investor SoftBank Group gained 2.56 percent.
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