Japanese Nikkei Hits Highest Gain Since Late Novemember

Japan’s Nikkei rose to one month high on Tuesday, highly supported by tech stocks. The gain tracked wall street’s gain overnight.

Japan’s factory output in November showed production in the auto sector benefited from a recovery in global parts supplies also added positive sentiment to the market.

The Nikkei rose as much as 1.37% to close at 29,069.165 which marks the highest since Novmebre 25. TOPIX on the other hand rose 1.37%.

“Sentiment is strong with gains in U.S. equities last night. The Japanese market will keep the momentum if the U.S. market remains strong,” said Takatoshi Itoshima, a strategist at Pictet Asset Management, according to a Retuers report.