Nikkei rises as US economic worries recede
The Nikkei rose 0.6% to end the day at 40,794.86. The broader Topix jumped 1% to 2,966.57. 'Investors bought stocks because the gains of the Nikkei in the previous session were not enough to recoup declines on Monday,' said Naoki Fujiwara, a senior fund manager at Shinkin Asset Management.
Japanese shares slid the most in two months on Monday as concerns mounted over the US economy and trade, while speculation grew over a potential upheaval in domestic politics.
'It is just the declines of heavyweight stocks that are dragging the index today,' said Fujiwara. Tokyo Electron slumped 3.8% to weigh the most on the Nikkei. Mizuho Securities analysts downgraded the rating of the chip-making equipment maker to 'Neutral' from 'Buy'. Mitsui Fudosan leapt 5.9% after the property developer's quarterly net profit nearly doubled from a year ago.
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