By Laura He, MarketWatch
HONG KONG (MarketWatch) — Japan stocks climbed on Tuesday to its highest closing level in seven months, with a softer yen helping boost export-related shares.
The Nikkei Average /zigman2/quotes/210597971/delayed JP:NIK +0.51% ended up 1.2% at 15,668.60, a closing level it hasn’t seen since late January. The broader Topix index /zigman2/quotes/210598092/delayed JP:180460 +0.48% also rose 1.1%.
Meanwhile, the yen /zigman2/quotes/210561789/realtime/sampled USDJPY -0.0758% declined against the greenback, trading at ¥104.854 from ¥104.354 a day ago.
Exporters posted substantial gains, as camera maker Olympus Corp. /zigman2/quotes/200860615/delayed JP:7733 -1.38% advanced 3%, console maker Nintendo Co., Ltd. /zigman2/quotes/208063194/delayed JP:7974 -0.34% rose 2.9%, IT-services provider Fujitsu Ltd. /zigman2/quotes/208459594/delayed JP:6702 -0.98% added 2.8%, electronics giant Hitachi, Ltd. /zigman2/quotes/203839937/delayed JP:6501 +1.12% improved by 2.3%, and PC manufacturer NEC Corp. /zigman2/quotes/205173342/delayed JP:6701 +0.33% tacked on 2.2%.
In Hong Kong, the benchmark Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.32% finished flat.
Market movers included telecom giant China Mobile Ltd. /zigman2/quotes/200868736/delayed HK:941 +0.80% , up 2.1%, while Internet major Tencent Holdings Ltd. /zigman2/quotes/204605823/delayed HK:700 -0.30% fell 0.7%, and Sino-British banking giant HSBC Holdings PLC /zigman2/quotes/202687335/delayed HK:5 -1.40% dropped 0.5%.
Elsewhere, mainland China’s Shanghai Composite Index /zigman2/quotes/210598127/delayed CN:SHCOMP -0.12% settled 1.4% higher, Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +1.51% closed up 0.5%, while South Korea’s Kospi Composite Index /zigman2/quotes/210598069/delayed KR:180721 +0.27% was off 0.8%.