TOKYO, Nov 25 (Reuters) - Japan shares rose on Wednesday,
taking positive cues from Wall Street as Dow Jones benchmark
scaled a record high overnight, with investor sentiment lifted
by vaccine optimism and fading U.S. election uncertainty.
The Nikkei share average rose 1.59% to 26,581.98,
having closed at a 29-1/2-year high on Tuesday.
"The overall market is rising today, and cyclical shares are
being bought," said Takashi Hiroki, chief strategist at Monex
The Dow Jones broke past 30,000 for the first time
and the S&P 500 also closed at a record high as investors
anticipated a swift economic recovery on coronavirus vaccine
progress and President-elect Joe Biden's transition to the White
The broader Topix added 1.15% to 1,782.72, extending
gains from a more than two-year high marked in the previous
All but four of the 33 sector sub-indexes on the Tokyo
exchange traded higher.
Highly cyclical shippers, miners iron
and steel led gains on the main bourse.
Shares of semiconductor-related companies advanced, taking
positive cues from its U.S. peers. Shin-Etsu Chemical
climbed 3.39%, Advantest added 0.83%, while Tokyo
Electron inched up around 0.7%.
Elsewhere, Nissan Motor jumped 6.78%, boosted by a
combination of short-covering and hopes on shift to electric
vehicles after the company said its redesigned compact car would
feature hybrid technology system.
But land transport sector erased early gains to
trade 0.36% lower after local media reported on Wednesday that
Tokyo will urge bars and restaurants to operate shortened hours
following a surge in coronavirus infections.
Tokyo's call comes after the Japanese government on Tuesday
paused its domestic travel promotion campaign in the cities of
Sapporo and Osaka.
The Mothers Index of start-up firm shares bucked the
overall firmness and lost 1.8%.
(Reporting by Eimi Yamamitsu, Editing by Sherry Jacob-Phillips)