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The benchmark index jumped 1.5 per cent to 8,459.98, staying narrowly below its 25-day average of 8,462, reports Reuters. A gain of one per cent saw the Topix index rise to 725.68.
Gains were held back by resistance to the 25-day average and did not match the massive rise in Wall Street shares seen yesterday, as buybacks in previously beleaguered shares led the improvement.
"Today's price action gave me the impression that the 25-day moving average capped the Nikkei's gains," Toshiyuki Kanayama, a market analyst at Monex Securities, told the news provider.
Asian shares saw mild increases yesterday but investor sentiment remained fragile and contingent on the eurozone. The Nikkei 225 increased 0.5 per cent, Reuters noted.
Posted by Greg Secker
