Japan’s Nikkei jumps 3%, supported by the rise in Wall Street

Japan’s Nikkei index jumped 3 percent on Tuesday in its best session in more than six months, as investors flock to blue-chip and hard-hit growth-related stocks and following Wall Street’s sharp rally at the close in the evening.

The Nikkei rose 2.96 percent to 26,992.21 points, supported by broad buying, to record the highest daily increase since March 23 and the highest closing level since September 22.

The broader Topix index jumped 3.21 percent to 1,906.89 points, the biggest daily rise since March 10.

Wall Street’s three major indexes rose more than 2 percent on Monday.

Shares of Fast Retail, owner of clothing stores Uniqlo, rose 2.02%, and SoftBank Investment Group rose 5.1 percent, while Tokyo Electron rose 2.68 percent.

The wholesale sector, which includes trading companies, was the best performer on the Tokyo Stock Exchange, with its index jumping 5.3 percent.

Itocho Corp. rose 8.34 percent, while Mitsubishi Corp. rose 4.83 percent.

Energy prices also rose, supported by the increase in oil prices.

The exploration companies sector index jumped 4.96 percent, while the refining companies sector index rose 4.13 percent. Inpex stock rose 4.13 percent

Kawasaki Kisen Shipping was the only decliner on the Nikkei, down 1 percent.