TOKYO, Aug 30 (Reuters) - Japan's Nikkei ended more than 1%
higher on Tuesday led by technology heavyweights, as the
benchmark rebounded from a two-week low hit in the previous
The Nikkei share average rose 1.14% to close at
28,195.58, while the broader Topix climbed 1.25% to
"Wall Street declined overnight but their losses were
limited, which underpinned sentiment for the Japanese market,"
said Seiichi Suzuki, chief equity market analyst at Tokai Tokyo
"U.S. futures gain is another positive factor."
U.S. stocks closed lower on Monday, adding to last week's
sharp losses on nagging concerns about the Federal Reserve's
determination to aggressively hike interest rates to fight
inflation even as the economy slows.
In Japan, chipmaking equipment maker Tokyo Electron
rose 1.65% and was the biggest boost for the Nikkei, followed by
technology investor SoftBank Group, which rose 1.67%.
Phone company KDDI rose 2.14%.
NEC surged 5.97% to become the top gainer on the Nikkei,
after the computer maker announced buying back up to 2.46% of
its own shares.
Olympus advanced 2.5% after the medical equipment
maker agreed to sell its microscope unit to private equity firm
Bain Capital for 427.6 billion yen ($3.1 billion), in what would
be the Japanese company's biggest divestment yet.
Oisix Ra Daichi gained 5.37% after the grocery
delivery firm announced an offer to buy a stake in restaurant
Shidax tanked 5.35% as the offer price was lower than the
close of the previous session.
There were 206 advancers on the Nikkei index against 18
The volume of shares traded on the Tokyo Stock Exchange's
main board was 1.05 billion, compared to the average of 1.11
billion in the past 30 days.
(Reporting by Junko Fujita; Editing by Rashmi Aich)