TOKYO, Aug 13 (Reuters) - Japan's Nikkei share average
jumped more than 2% in early trading on Tuesday, with tech
shares leading the rally as sentiment got a boost from a more
stable yen.
The Nikkei was 2.2% higher at 35,804.50 as of 0013
GMT, as the market reopened after a public holiday on Monday.
The broader Topix gained 1.8%. A Topix index of
growth shares rose 1.9% versus a 1.7% rise for a value
share index.
Chip-making equipment giant Tokyo Electron ( TOELF ) led
gainers by index points with a 7% surge. Chip-testing machine
maker Advantest ( ADTTF ) advanced 3.6%.
The Nikkei had slumped to as low as 31,156.12 on Aug. 5 for
the first time in almost nine months amid a perfect storm of
factors including a sharply higher yen and a sudden rise in
fears of a U.S. recession.
The yen has stabilized around 147 per dollar in
recent days, and last traded at 147.13. It had surged as high as
141.675 on Aug. 5 for the first time since the start of this
year.
The U.S. economic data has also started to come in firmer
since the middle of last week, but the outlook faces some
crucial tests with the release of producer inflation data later
on Tuesday, followed by consumer inflation data on Wednesday and
retail sales on Thursday.