Technology Stocks Push The Nikkei Higher

The Japanese Nikkei index closed slightly higher on Tuesday, supported by technology shares, as investors were keen to snap up the shares that were hurt, despite caution that prevails ahead of the release of US inflation data due later this week.

The Nikkei index closed up 0.13 percent at 27,284.52 points, erasing most of its gains at the beginning of the session, which amounted to 0.8 percent.

The broader Topix index rose 0.42 percent to 1,934.06 points.

Technology shares led the gains, as the share of the phone company KDDI rose 1.63 percent, followed by the share of the robot maker Funk, which advanced 1.37%, and then the share of Tokyo Electron for chip-making equipment, which increased by 0.4 percent.