Japan shares rise at the close after an intense sell-off

Japanese stocks rose at the close on Thursday, with investors buying shares again after a sharp decline in the previous session. Travel-related stocks led the rally, supported by hopes of a recovery in tourism.

The Nikkei rose 0.21 percent to 27,875.91 points, recovering from its worst session in three months. The broader Topix index rose 0.15 percent to 1950.43 points.

Shares of Fast Retailing, owner of clothing stores Uniqlo, rose 0.73% and was the most supportive of Nikkei, while Tokyo Electron, which specializes in making electronic chips, rose 1.14 percent.

SoftBank Group rose 0.61 percent after a report that the technology investor was considering launching a third Vision Fund, likely using its own money.

The airline sector index rose 1.77 percent, while the railway sector index rose 1.08 percent, after a report said that Japan is expected to eliminate visa requirements for some tourists, as well as restrictions on the number of daily arrivals, in October as the country seeks to benefit from a recovery in international tourism.

The real estate development sector index, in which many of its companies own and manage hotels, rose 1.49 percent.

Shares of Kadokawa Publishing Co. plunged 8.72 percent after Japanese prosecutors decided to arrest the company’s chief on suspicion of taking a bribe.