Japan’s Nikkei share snapped a four-day losing run on Tuesday after Wall Street shares rallied overnight, with the dollar’s bounce lifting exporter shares.
The Nikkei ended the day up 1.79 per cent at 21,417.76.
The index’s four-day run of losses reflected a slump in global risk sentiment after US President Donald Trump proposed stiff tariffs on imported steel and aluminium last week.
Equity markets rebounded, however, as fears of a global trade war ebbed somewhat as expectations rose that Trump would back down from imposing the tariffs.
Japan’s big car exporters were supported by the dollar’s rebound versus the yen.
Honda Motor Co rose 1.6 per cent, Toyota Motor Corp gained 1.0 per cent and Suzuki Motor Corp climbed 2.4 per cent.
Panasonic Corp gained 1.1 per cent and Tokyo Electron added 2.85 per cent.
Steel shares also rose, with Nippon Steel & Sumitomo Metal advancing 1.0 per cent and JFE Holdings gaining 1.16 per cent.
The largest percentage gainer in the Nikkei index was Japan Steel Works Ltd, which rose 9.05 per cent.
There were 201 advancers on the index against 19 decliners.
The broader Topix was 1.27 per cent higher at 1,716.30.
The dollar was at 106.205 yen, having recovered from a 15-month low of 105.240 plumbed on Friday.
