Japan's Nikkei rebound from 2-month low, tech shares lead

Kao

27/09/2022 04:39

TOKYO, Sept 27 (Reuters) - Japan's Nikkei rebounded from
a two-month low on Tuesday, with technology stocks leading
gains, as investors scooped up beaten-down shares following a
global sell-off after U.S. Federal Reserve maintained its
aggressive policy stance. 
    The Nikkei  .N225  rose 0.83% to 26,651.60 by the midday
break, after falling to its lowest since July 14 earlier in the
session. The broader Topix  .TOPX  advanced 0.96% to 1,882.09.
    Shares of robot manufacturer Fanuc  6954.T  rose 1.77% to
boost the Nikkei, followed by a 2.14% jump in battery maker TDK
 6762.T . Staffing agency Recruit Holdings  6098.T  gained
2.35%.
    The market has been regaining momentum rapidly after a
global sell-off in the wake of the U.S. Fed's policy tightening,
said a market participant at a domestic brokerage. 
    Phone company KDDI Corp  9433.T  and chip-making equipment
maker Tokyo Electron  8035.T  weighed on the index the most,
losing 0.88% and 0.31%, respectively. 
    Shares of cosmetics maker Corp  4452.T  advanced 2.76% to
lead the top 30 core Topix names, followed by Nintendo Co
 7974.T  climbing 2.64%.
     Only two sector sub-indexes on the Tokyo Stock Exchange
traded in red, with real estate  .IRLTY.T  losing 0.14% and
shippers  .SHIP.T  dropping 0.26%.
    There were 190 advancers in the Nikkei index against 24
decliners.
    The volume of shares traded on the exchange's main board
 .TOPX  was 0.57 billion, compared with the average of 1.12
billion in the past 30 days. 
 
 (Reporting by Junko Fujita and the Tokyo markets team)
 ((813-4563-2711, junko.fujita@thomsonreuters.com, Reuters
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