Nikkei closed at the highest level in two weeks supported by technology stocks

The Nikkei index of Japanese stocks closed at its highest level in two weeks on Tuesday, thanks to a jump in technology stocks, but caution ahead of the Bank of Japan meeting next week limited gains.

The Nikkei index ended trading up 0.78 percent at 26,175.56 points, its highest level since December 28. The broader Topix index rose 0.27 percent to 1,880.88 points.

Chip giants Tokyo Electron and Advantest rose 3.08 percent and 1.88 percent, respectively, while Daikin Industries jumped 5.33 percent.

Technology investment firm SoftBank rose 2.36 percent after a report said British Prime Minister Rishi Sunak had revived talks with the Japanese firm about listing shares of chip design firm Arm Ltd on the London Stock Exchange.