Nikkei climbs after falling to its lowest level in three months

Japan’s Nikkei index rose strongly on Tuesday after falling to its lowest level in three months, as investors welcomed the rise in US stock indices and the buying interest in cyclical decliners.

The Nikkei ended trading on Tuesday, up 1.84% to close at 26,246.31 points, after rising as much as 2.5% during the session. At the beginning of the week, the Nikkei fell to 25,520.23 points for the first time since March 16.

The broader Topix index rose 2.05% to 1,856.20 points.

Cyclical stocks recovered after falling on Monday. Japan Airlines (Japan Airlines) rose 3.42%, while ANA Holdings rose 2.88%.

Technology shares were among the top gainers, as Sony’s share jumped 3.99%, while SoftBank Investment Group’s share rose 2.88%.

The chip maker Tokyo Electron rose 2.55%, and Advantest rose 2.35%.

The energy sector was the best performer on the Nikkei index, rising 3.74%, supported by the rise in oil prices.