Tokyo stocks were higher Tuesday morning, led by technology issues as sentiment was lifted by gains on Wall Street overnight, including a record-high close of the tech-heavy Nasdaq.
The 225-issue Nikkei Stock Average rose 401.67 points, or 1.05 percent, from Monday to 38,504.11. The broader Topix index was up 19.91 points, or 0.74 percent, at 2,719.92.
The U.S. dollar remained mostly firm in the upper 157 yen range in Tokyo. Traders awaited U.S. data on retail sales and industrial production, due out later in the day, for clues on the Federal Reserve's progress in quelling inflation and its timing on cutting interest rates.
At noon, the dollar fetched 157.65-66 yen compared with 157.67-77 yen in New York and 157.55-56 yen in Tokyo at 5 p.m. Monday.
The euro was quoted at $1.0723-0727 and 169.05-12 yen against $1.0729-0739 and 169.24-34 yen in New York and $1.0700-0701 and 168.58-62 yen in Tokyo late Monday afternoon.
On the equities market, stocks rebounded amid dip-buying, a day after the Nikkei recorded its biggest point fall since late April. Sentiment was also eased by gains in French stocks after falls last week on fears of political turmoil in the wake of President Emmanuel Macron's decision to call snap parliamentary elections.
Japanese chip-related and technology issues led gainers, with Apple Inc. suppliers such as TDK and Taiyo Yuden up as the U.S. tech giant's plans to integrate artificial intelligence into its products has raised hopes for growth, analysts said.
Elsewhere, Nintendo rose after the gaming giant announced Tuesday it will release a follow-up to its hit "The Super Mario Bros. Movie" in April 2026.
