The Nikkei index closed higher

On Tuesday, Japan’s benchmark Nikkei index closed higher, propelled by gains in chip-related stocks following positive trends on Wall Street. The index rose by 0.11 percent to close at 36,065.86 points, although there was a degree of caution among traders ahead of the Federal Reserve’s anticipated decision on interest rates scheduled for Wednesday.

Chip-related stocks experienced gains, with Advantest climbing 1.69 percent and Shin-Etsu Chemical rising by 3 percent. Shares of chip manufacturer Renesas Electronics also saw an increase of 2.81 percent.

Meanwhile, shares of air conditioner maker Daikin Industries rose by 0.86 percent. The broader Topix index initially showed gains but eventually closed down by 0.1 percent at 2,526.93 points, with Toyota Motor shares experiencing the most significant relative weight decline at 0.8 percent.

Notably, two-thirds of the more than 1,600 stocks on the Tokyo Stock Exchange’s main market fell, while the rest witnessed gains, reflecting a mixed trend in the market.