Japanese Stocks Closed Higher on Wall Street’s Gains

Japanese stocks closed higher on Tuesday as heavy domestic tech stocks were supported by a strong Nasdaq close overnight, but fears of a slow economic recovery due to a weak start to the vaccination campaign dampened gains.

The Nikkei rose 0.67% to close at 28,553.98, while the Topix index rose 0.34% to 1919.52 points.

The three main indexes on Wall Street gained overnight, and the Nasdaq composite index jumped more than 1 percent after the decline in US Treasury yields.

Chip-related shares gained, Tokyo Electron jumped 1.76% and Advantest jumped 2.35%. Fast Retailing gained 0.93% and SoftBank Group 0.54%.