TOKYO: Japan’s Nikkei 225 stock average climbed more than 900 points to hit a new 34-year intraday high in morning trading on Tuesday, buoyed by Monday’s rises in US stocks.

The benchmark index rose as high as 37,802.51, before finishing the morning session up 901.47 points, or 2.44 percent, from Friday at 37,798.89. The Tokyo market was closed Monday for a national holiday.

Heartened by the Dow Jones Industrial average’s record high close the day before, investors stepped up buying of a wide range of Tokyo stocks, including Nikkei heavyweights such as SoftBank Group.

Purchases of issues with rosy earnings results, such as Tokyo Electron, also buoyed the Tokyo market, brokers said.

On the Tokyo Stock Exchange’s Prime section, gainers overwhelmed decliners 1,210 to 412 with 32 issues unchanged at the morning closes.

JIJI Press