Published on 10/06/2026 at 03:02 am EDT
(Reuters) - Japan's Nikkei share average rose on Tuesday, buoyed by overnight gains on Wall Street and a decline in crude oil prices.
The advance in Japanese stocks accelerated in the afternoon session after strong demand at a closely watched sale of 10-year Japanese government bonds allayed worries about the debt market.
The Nikkei ended the day up 1.1% at 70,683.98 and the broader Topix climbed 0.9% to 4,183.56.
Among the Nikkei's 225 components, 165 rose and 55 fell, with 5 ending flat.
The 10-year JGB auction drew the highest demand since May, and saw bond yields slip back from earlier highs. Worries about Prime Minister Sanae Takaichi's expansionary fiscal policies and a selloff in French sovereign debt have led to bond yields spiking to multi-decade peaks this month.
"The auction results were very good, and confirmed demand among investors," said Masahiro Ichikawa, a strategist at Sumitomo Mitsui DS Asset Management.
That provided some reassurance that yields are not going to continuously push higher, undermining the stock market, he said.
Overnight, all three of the main US indexes rose, with the tech-focused Nasdaq Composite hitting a record high amid a rally in tech heavyweights including Nvidia.
Japanese tech shares were more of a mixed bag, with chip-equipment maker Advantest gaining 3.9% and cable maker Fujikura jumping 5.2% to be among the Nikkei's biggest risers, while AI-focused startup investor SoftBank Group lost 3.1% to be the index's worst performer.
"For individual stocks, perceptions of whether they are overvalued or undervalued are being assessed in relation to their current share price levels," said Nomura Securities strategist Wataru Akiyama.
More broadly though, "the fall in crude oil prices is clearly having an effect," he said.
Japan is heavily dependent on imported energy, particularly from the Middle East.
(Reporting by Kevin Buckland; Editing by Ronojoy Mazumdar and Janane Venkatraman)

Sumber : Reuters