TOKYO, May 23 (Reuters) - Japan's Nikkei share average
staged a late rally to close 1% higher on Monday and retake the
psychological 27,000 level, tracking early gains in U.S. stock
The Nikkei rose as high as 27,047.47 shortly after
the open - approaching a one-month peak - but then sank into
the lunch break, only to rally back to near the high into the
close. It pared some gains to end 0.98% higher at 27,001.52.
The broader Topix followed a similar path to end
0.92% higher at 1,894.57.
S&P 500 E-mini futures were up about 1.3%, lifting
sentiment after a volatile day for U.S. stocks on Friday that
saw the benchmark ultimately finish the session flat.
Of the 225 stocks on the Nikkei's index, 155 rose, 62 fell
and eight were unchanged.
Financials led gains among sectors, climbing 2.19%, paced by
insurer Tokio Marine Holdings jumping 7.64% after its
earnings forecast from Friday topped analyst estimates.
Energy and basic materials were the only Nikkei subsectors
to fall, with the former retreating 0.81% and the latter
(Reporting by Tokyo markets team; Editing by Rashmi Aich)