Japan's benchmark 225-issue Nikkei Stock Average ended higher on Monday with share prices of tech heavyweight rising following gains of U.S. semiconductor stocks, said Timothy Pope, a market analyst for China Global Television Network (CGTN).
The benchmark 225-issue Nikkei Stock Average ended up 1,378.90 points, or 2.12 percent, from Friday at 66,399.84.
The broader Topix index, meanwhile, finished 22.57 points, or 0.55 percent, higher at 4,125.80.
The benchmark Nikkei index rose over 2 percent, tracking gains in U.S. semiconductor shares late last week after a report that U.S. tech giant Micron Technology Inc. will increase its memory chip production capacity.
"In Japan, the Nikkei 225 was up sharply today following gains for U.S. semiconductor shares, which lifted Tokyo's own tech heavyweights. The Nikkei ended 2.1 percent higher, with Advantest and Tokyo Electron each adding more than 4 percent and SoftBank [Group] locked in another double-digit jump, gaining more than 11 percent," said Pope.
Pope said Japan is due to release its revised second-quarter GDP numbers this week, and he is expecting the data to send positive signals to investors.
"For the rest of the week, look out for Japan's revised second-quarter GDP numbers. They are due for release tomorrow. We have some recent corporate investment data, which has been stronger-than-expected, so there's some scope for the initial growth estimate to be revised higher," said Pope.
Tokyo stocks end higher on tech heavyweight gains: analyst
