Japan's Nikkei average rose on Tuesday, August 27, as a halt in the yen's rise helped support export-related stocks, offsetting earlier losses from a slide in technology stocks.
The Nikkei rose 0.5% to close at 38,288.62 points, while the broader Topix index rose 0.7% to 2,680.8 points.
Tracking US Indices
The Nikkei spent most of today's session in decline, tracking the S&P 500 and Nasdaq, as investors around the world awaited the release of the quarterly report of artificial intelligence giant Nvidia on Wednesday.
Investor sentiment improved as the yen's rally paused on Tuesday, prompting them to buy back export-related stocks that had suffered losses in the previous session when the currency hit a three-week high of 143.45 yen per dollar.
Export stocks rise
Sony Group shares rose 2.8%, while Honda Motor and Toyota Motor shares rose 1.8%.
Chip-related stocks pared losses in late trade, though they remained a drag on the Nikkei.
Shares of major companies such as Tokyo Electron fell about 1% and Advantest, which counts Nvidia among its clients, fell 1.6%.
Lasertech Corp. fell 4.3%, making it the biggest percentage loser.
Of the 33 sectors listed on the Tokyo Stock Exchange, mining rose 2.2 percent and oil and coal rose 1.6 percent after oil prices rose overnight amid concerns over possible supply disruptions.
