TOKYO, June 8 (Reuters) - Japan's Nikkei index closed at its
highest in two-and-a-half months, as technology heavyweights
tracked Wall Street's overnight gains and energy shares rose on
firmer oil prices.
The Nikkei share average rose 1.04% to close at
28,234.29, its highest close since March 29. It also marked a
four-day winning streak. The broader Topix jumped 1.18%
to 1,969.98.
"The Nikkei crossed a 200-day moving average which foreign
investors pay attention to in the previous session and that
prompted investors to make further bets today," said Shuji
Hosoi, senior strategist at Daiwa Securities.
U.S. stocks ended higher overnight along with Apple
and other technology shares, while Target Corp's
disappointing margin forecast weighed on retail stocks
for much of the day.
The Nikkei was led by air-conditioning maker Daikin
Industries, which rose 3.63%, and technology investor
SoftBank Group's 2.45% gain. Medical services platform
M3 jumped 5.61% and robot maker Fanuc climbed
2.38%.
Oil explorers added 4.7% to be the top gaining
sector among the Tokyo Stock Exchange's 33 industry sub-indexes.
Real estate shares rose 2.82%, with Tokyu Fudosan
Holdings jumping 4.31%.
Insurers and banks fell 0.91% and
0.85%, respectively, after U.S. Treasury yields fell.
Dai-ichi Life Holdings lost 2.16% and was one of
the top losers on the Nikkei.
Mizuho Financial Group Inc was the worst performer
among the top core 30 Topix names, falling 1.46%.
Fast Retailing was almost flat in a see-saw trade
after the Uniqlo owner said it would raise prices on some goods
this fall.
There were 163 advancers on the Nikkei index against 59
decliners.
The volume of shares traded on the Tokyo Stock Exchange's
main board was 1.33 billion, compared to the average of 1.34
billion in the past 30 days.
(Reporting by Junko Fujita; editing by Uttaresh.V)