The Japanese Nikkei index closed at the highest level in a month and a half

Japan’s Nikkei index closed at its highest level in more than a month and a half on Tuesday, recouping all its losses since the Bank of Japan’s surprise monetary policy adjustment last month, and technology stocks led the rally, following Wall Street’s gains.

The Nikkei rose 1.46 percent to close at 27,299.19 points, the highest closing level since December 16.

The broader Topix index rose 1.42 percent to 1972.91 points.

Wall Street closed sharply higher on Monday evening, supported by a rally in technology prices as investors kicked off a busy week of earnings with renewed enthusiasm for blue chips that had faltered in the past year.

In Japan, Tokyo Electron rose 2.04 percent and was the most supportive of the Nikkei index. Advantest shares jumped 3.11 percent.

Technology investment group SoftBank rose 3.39%, and air conditioner manufacturer Daikin Industries rose 2.07%.

JS Yuasa Corp rose 3.77 percent and Honda Motor rose 1.16 percent.