TOKYO, Nov 25 (Reuters) - Japan's Nikkei stock gauge
climbed on Tuesday after a holiday-extended weekend, boosted by
strong performances among technology shares that mirrored a
recent rally on Wall Street.
The Nikkei 225 Index was up 0.7% at 48,946.07,
bouncing back from a 2.4% slide on Friday. The broader Topix
edged 0.2% higher.
Major share indexes on Wall Street closed higher on Monday
for a second session, as bets solidified that the U.S. Federal
Reserve will deliver another interest rate cut in December. The
tech-heavy Nasdaq spearheaded the rally, driven by strong
performances from artificial intelligence-related stocks.
"Stocks that had seen notable declines, particularly
AI-related ones, followed the rising trend in the U.S. stock
market," Nomura Securities strategist Maki Sawada said.
"However, looking at futures, currency movements, and the
rise in interest rates, we anticipate that upside momentum may
be constrained."
There were 139 advancers in the Nikkei against 85 decliners.
The sharpest advancers were TOPPAN Holdings ( TONPF ), up 7.1%,
followed by Sumitomo Electric Industries ( SMTOF ), which gained
6.4%, and chip-sector heavyweight Advantest ( ADTTF ), up by
5.1%.
Defying the broader upbeat sentiment, Mitsui Kinzoku ( XZJCF )
led the decliners with a 6.12% drop, followed by
SoftBank Group, down 4.1%, and Tokyo Electric Power ( TKECF )
, which fell 3.9%.
Eisai ( ESALF ), a co-developer of Alzheimer's treatment
Lequembi, jumped 5.1% after Novo Nordisk said
clinical trials of its semaglutide drug failed to help slow the
progression of the brain-wasting illness.