(Adds comments, details and updates stock prices)
TOKYO, April 8 (Reuters) - Japan's Nikkei share average
climbed 6% on Tuesday, rebounding from a 1-1/2-year low hit in
the previous session, as investors scooped up stocks, encouraged
by signs of a recovery on Wall Street.
As of 0202 GMT, the Nikkei index was up 6.5% at
33,161.72, while the broader Topix traded 6.8% higher at
2,444.44.
"Investors bought back stocks as they thought the shares
were oversold. They saw signs of a market recovery as U.S. stock
futures rose in Japan trade," said Takamasa Ikeda, senior
portfolio manager, GCI Asset Management.
The S&P 500 and the Dow closed lower, while the
technology-heavy Nasdaq posted marginal gains on Monday
following a roller coaster session.
U.S. semiconductor index climbed 2.7% overnight,
while S&P and Nasdaq futures each rose more than
1% in Asia trade on Tuesday, signalling cues of a recovery.
Both the Nikkei and Topix are down roughly 13% from levels
before U.S. President Donald Trump's Liberation Day tariff
announcement, raising concerns about the impact on
export-dependent Japan.
Japanese Prime Minister Shigeru Ishiba said on Monday that
during a phone call with Trump, he expressed disappointment with
the tariff policies and urged him to reconsider.
Gains on Tuesday were further supported by optimism that
tariffs on Japan could be eased through negotiations between the
two nation's leaders, Ikeda said.
Among individual stocks, chip-making equipment maker Tokyo
Electron ( TOELF ) jumped 8.6% and chip-testing equipment maker
Advantest ( ADTTF ) surged 11.6%.
Cable maker Fujikura ( FKURF ), a gauge for data centre
investments, surged 19% to become the top percentage gainer in
the Nikkei.
Bank shares also advanced, with Mitsubishi UFJ Financial
Group ( MUFG ) surging 12.3% and Mizuho Financial Group ( MFG )
up 14%.
All 33 industry sub-indexes of the Tokyo Stock Exchange
posted gains, with the insurance sector jumping 12.5%
and the banking index rising 11.6%.