TOKYO, Oct 14 (Reuters) - Japanese shares ended higher on
Thursday, led by heavyweight tech stocks that tracked gains on
the Nasdaq, with chip equipment maker Tokyo Electron providing
the biggest boost for the Nikkei.
The Nikkei share average closed 1.46% higer at
28,550.93, following two sessions of declines, while the broader
Topix rose 0.67% to 1,986.97.
Overnight, the Nasdaq and the S&P 500 gained
after the Federal Reserve signalled it could start reducing its
crisis-era support for the U.S. economy, which raised recovery
Concerns over inflation, however, persisted and sent the
yield on benchmark 10-year Treasury notes lower.
"Markets remain conscious about U.S. interest rates because
they affect U.S. growth stocks, which influence Nikkei's
heavyweights," said Seiichi Suzuki, chief equity market analyst
at Tokai Tokyo Research Institute.
Tokyo Electron lifted the Nikkei the most by rising
5.18%, while peer Advantest gained 3.83%.
Medical equipment makers Olympus and Terumo
rose 3.19% and 1.77%, respectively.
Casual restaurant shares rose on hopes of a reopening
economy, with Saizeriya surging 12.99% and Yoshinoya
Holdings jumping 9.42%.
Bucking the trend, Japanese medical devices maker PHC
Holdings fell more than 10% on its market debut,
despite pricing its stock at the bottom of a targeted
Shippers and oil refiners led declines
among the exchange's 33 industry sub-indexes, falling 3.93% and
There were 136 gainers on the Nikkei index against 85
The volume of shares traded on the Tokyo Stock Exchange's
main board was 1.15 billion, compared to the average of 1.32
billion in the past 30 days.
(Reporting by Junko Fujita; Editing by Amy Caren Daniel and