Japan's Nikkei closes at 3-week high on US rate-cut outlook, tech boost
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Japan's Nikkei share average jumped more than 1% on Tuesday, as investor sentiment brightened on higher bets of U.S. interest rate cuts this year while technology shares continued to dazzle. The Nikkei rose 1.57% to 38,835.10, its highest closing level since April 15. The broader Topix finished up 0.65% at 2,746.22. U.S. stocks injected fresh momentum as markets priced in a higher chance of the Federal Reserve cutting interest rates this year. A U.S. jobs report on Friday showing growth slowed more than expected in April further fuelled buying. Japanese shares broadly climbed on the positive news, with 152 of the Nikkei's 225 constituents trading in green. Local technology shares advanced as investors returning from a long weekend caught up to buoyant Wall Street after U.S. tech giant Apple posted upbeat revenue results. The session's gains significantly added to the Nikkei's near 600-point climb. Japan's financial m...