Japan stocks close in upside, supported by performance of the technology sector

The Japanese Nikkei index closed in bullish Tuesday, supported by tech heavyweights following Nasdaq gains, though concerns spread in view of the country’s corporate earnings season starting next week.

The Nikkei index closed in rally 0.65% to 29,215.52 points and the broader Topix index rose 0.36% to 2026.57 points after falling briefly at the start of the session.

Last night, the Nasdaq and Standard & Poor’s 500 indices closed in rally in earnings from major US tech stocks and other stocks in growth, while the Dow Jones Industrial Average fell.

Shares of Tokyo Electron, which manufactures chip-making equipment, were up 1.86% and SoftBank Group, which invests in technology globally, it was up 3.06%, and robotics manufacturer Fanuc supplied 1.61%.

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