Japan’s Nikkei index rose 1.1% on Tuesday, closing at 70,683.98 points.
The gains were driven by advances in US stocks and a drop in oil prices.
The broader Topix index also climbed 0.9% to 4,183.56 points.
Among the 225 stocks in the Nikkei, 165 rose, 55 fell, and five remained unchanged.
The Nikkei’s gains accelerated during afternoon trading after an auction of 10-year Japanese government bonds showed strong demand.
Demand hit its highest level since May, pushing yields lower and boosting investor confidence.
Concerns over Prime Minister Sanae Takaichi’s expansionary fiscal policies had previously weighed on bonds.
A sell-off in French sovereign bonds also added to that pressure.
In this context, Masahiro Ichikawa of Sumitomo Mitsui DS Asset Management said the auction results reflected strong demand from investors.
At the same time, the Tokyo stock market benefited from gains in major Wall Street indices, with the Nasdaq hitting a record high, supported by major tech stocks including Nvidia.
On the local front, Advantest shares rose 3.9%, while Fujikura jumped 5.2%.
In contrast, SoftBank fell 3.1%, making it the worst performer on the index.
In addition, the drop in oil prices supported the Japanese market, given the country’s heavy reliance on energy imports, particularly from the Middle East. Wataro Akiyama of Nomura Securities said the decline in crude clearly affected market performance.
