Japan’s Nikkei rises, supported by gains in Wall Street and Asian stocks

Japan’s Nikkei index closed higher on Monday in a range-bound session, tracking gains in Wall Street and other Asian stock markets, but chip-related stock losses limited the index’s gains.

The Nikkei rose 0.25 percent to close at 27,736.47 points, after falling 0.3 percent earlier in the session.

The broader Topix index rose 0.48 percent to 1,953.63 percent.

Wall Street saw slight gains on Friday, as the monthly jobs report indicated strength in the labor market and will likely keep the Federal Reserve in its stance of tightening policy.