A woman walks past an electronic screen displaying the stock index prices of Asian countries outside a brokerage in Tokyo, Japan April 24, 2025. REUTERS/Issei Kato
TOKYO: Japan's Nikkei share average rose on Tuesday, with tech shares leading the advance after Wall Street peers rallied overnight on optimism that an end was in sight to the U.S. government shutdown.
The tech-heavy Nikkei climbed 0.7% to 51,269.56 about an hour into the trading day, and earlier touched a one-week high of 51,513.16.
Artificial intelligence-focused startup investor SoftBank Group jumped 4.8%, single-handedly contributing 193 index points of the Nikkei's total 406-point advance. The company will report earnings after the close of trading.
Under the surface, though, the Nikkei was split, with 121 of its 225 components rising, 98 falling and six trading flat.
The broader Topix added a more muted 0.3% to 3,327.93.
"Chip- and data-center stocks certainly stand out," said Maki Sawada, a strategist at Nomura Securities.
"But even within that group, there are exceptions."
The nearly even split between gainers and losers "shows that there's no single, big driving force, and some traders are taking the opportunity to lock in profits", she said.
Chip-making machinery manufacturer Tokyo Electron added 0.3%. Chip-maker Renesas advanced 3.2%.
Chip-testing equipment maker Lasertec jumped 3.9%, but larger peer Advantest eased 0.4%.
Sony Group, which will also report earnings after the close of trading, added 0.4%. - Reuters
