(Updates prices at midday recess)
By Kevin Buckland
TOKYO, Nov 11 (Reuters) - Japan's Nikkei share average
rose on Tuesday, with tech shares leading the advance after Wall
Street peers rallied overnight on optimism for an imminent end
to the U.S. government shutdown.
The tech-heavy Nikkei entered the midday trading
recess up 0.4% at 51,131.28, and earlier touched a one-week high
of 51,513.16.
Artificial intelligence-focused startup investor SoftBank
Group jumped 3%, single-handedly contributing 131 index
points of the Nikkei's total 220-point advance. The company will
report earnings after the close of trading.
Under the surface, though, the Nikkei was split, with only
90 of its 225 components rising, 134 falling, and one trading
flat.
The broader Topix added 0.2% to 3,323.18.
"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 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.
The Nikkei rallied to an all-time high of 52,636.87 a week
ago, powered by both the global fervor over AI and hopes for
fiscal stimulus under new Japanese Prime Minister Sanae
Takaichi.
On Tuesday, chip-making machinery manufacturer Tokyo
Electron ( TOELF ) added 0.8%. Chip-maker Renesas
advanced 2.8%.
Chip-testing equipment maker Lasertec ( LSRCF ) jumped 2.8%,
but larger peer Advantest ( ADTTF ) eased 0.8%.
Sony Group ( SONY ), which will also report earnings after
the close of trading, added 0.4%.