Singapore markets close in 1 hour 4 minutes

Tokyo stocks close higher

Tokyo stocks closed moderately higher on Tuesday, led by gains in high-tech shares, as investors took heart from rallies on Wall Street.

The benchmark Nikkei 225 index rose 0.50 percent, or 111.78 points, to 22,549.05, while the broader Topix index advanced 0.51 percent, or 8.05 points, to 1,587.14.

"Japanese shares are supported by a rebound in US shares, and high-tech shares particularly are enjoying buy orders following a fresh record on the Nasdaq," said Yoshihiro Ito, chief strategist of Okasan Online Securities.

The Nasdaq was boosted in part by announcements from Apple that it would build its own chips for its Mac computers.

The dollar fetched 107.12 yen in Asian afternoon trade, compared with 106.90 yen in New York on Monday.

In Tokyo, high-tech shares gained ground. Chip-making equipment manufacturer Tokyo Electron jumped 1.81 percent to 25,540 yen with chip-testing equipment maker Advantest up 1.50 percent at 6,080 yen.

Oriental Land, which operates Tokyo Disneyland and DisneySea, surged 3.23 percent to 15,460 yen after announcing plans to reopen the two resorts following a four-month suspension over coronavirus.

But SoftBank Group lost 0.27 percent to 5,497 yen after the telecom and investment giant said it will sell T-Mobile shares worth over $21 billion as it sheds assets to shore up its financial health.

Toyota advanced 1.14 percent to 6,896 yen with Sony up 0.43 percent at 7,640 yen.

si/ric/rma