TOKYO, Sept 24 (Reuters) - Japan's Nikkei share average
hit a three-week high on Tuesday as markets resumed trade after
a long holiday weekend, with Wall Street's overnight gains and
the Bank of Japan's dovish comments lifting sentiment.
The Nikkei was up 1.5% at 38,293.34, as of 0024 GMT,
after rising to 38,324.07, its highest since Sept. 3, earlier in
the day. Japanese markets were closed on Monday for a holiday.
U.S. stocks closed modestly higher on Monday as investors
assessed whether a trend would develop in the week following the
Federal Reserve's rate cut.
The BOJ kept interest rates steady on Friday and its
governor said the central bank could afford to spend time eyeing
the fallout from global economic uncertainties, signalling it
was in no rush to raise borrowing costs further.
Chip-related stocks led the Nikkei's gains, with Advantest ( ADTTF )
and Tokyo Electron ( TOELF ) rising 4% and 2.7%,
respectively.
Uniqlo-brand owner Fast Retailing ( FRCOF ) rose 1.25%.
The broader Topix was up 1.02% at 2,669.34, with
Toyota Motor ( TM ) gaining 0.72% to become the biggest boost.