TOKYO : Oct 6 Japanese stocks rose on Tuesday as risk appetites increased on news of a basic agreement on the Trans-Pacific Partnership trade pact and on fading expectations that the Federal Reserve will raise U.S. interest rates this year.
The Nikkei share average gained 1 percent to 18,186.10, closing above 18,000 points for a second consecutive day.
Japan’s steel companies led the day’s gains, adding 3 percent to the Topix subindex for iron and steel with Nippon Steel and Sumitomo Metal gaining 4 percent and JFE Holdings 2.9 percent.
The broader Topix added 0.8 percent to close at 1,475.84 with all but five of its 33 subindexes in positive territory.
The JPX-Nikkei Index 400 gained 0.8 percent to 13,221.78.