TOKYO, Dec 3 (Reuters) - Japan's Nikkei share average
rose on Tuesday as semiconductor-related shares climbed on the
back of a strong overnight performance by their U.S. peers on
Wall Street.
The Nikkei was up 1.7% at 39,183.16, as of 0209 GMT,
while the broader Topix climbed 1.3%.
The Nasdaq and the S&P 500 indexes scored record closing
highs on Monday, boosted by tech-related shares following the
market's strong November gains. The Philadelphia SE
Semiconductor Index added 2.6%.
Japan's major technology shares followed suit, with shares
of chip-making equipment giant Tokyo Electron ( TOELF ) up 4.1%,
contributing 95 points to the Nikkei's nearly 671-point gain.
AI-focused startup investor SoftBank Group rose
3.7% and chip-testing equipment maker Advantest ( ADTTF ) gained
3%.
Shares of fellow chip-related firm Disco Corp ( DISPF )
surged nearly 7%, while peer Screen Holdings ( DINRF ) was up
5.4% to land them among the Nikkei's best performers by
percentage. Lasertec ( LSRCF ) was up 5.5%.
Gains were broad across the Nikkei's 225 constituents as
investor sentiment improved, with 192 shares advancing and 30
declining, while three shares remained untraded.
"Last week, Japan's stock market saw caution about news
related to tariff increases under the incoming Trump
administration," said Maki Sawada, a strategist at Nomura
Securities.
Losses were concentrated among economically sensitive
sectors, she said, adding that this week though investors appear
to be buying back those shares.
Shipping and electric machinery, both
considered to be cyclical sectors, were among top performers on
the Tokyo Stock Exchange's 33 industry sectors.
Shipper Kawasaki Kisen Kaisha ( KAKKF ) advanced 5.4%.
Among other major shares on Tuesday, Uniqlo parent firm Fast
Retailing ( FRCOF ) rose 1.8% to add support to the overall
index, and semiconductor silicon wafer maker Shin-Etsu Chemical ( SHECF )
added 2.2%.
Automakers Toyota Motor ( TM ) and Honda Motor ( HMC )
gained 1.3% and 1.4%, respectively.