TOKYO, Nov 25 (Reuters) - Japanese shares advanced on
Thursday, led by technology shares, as investors scooped up
bargains after sharp losses in the previous session.
The Nikkei share average rose 0.67% to close at
29,499.28 points, while the broader Topix gained 0.33%
"The declines in the previous session, which had no clear
reasons, was deeper than expected and today's gain is a rebound
from that," said Ikuo Mitsui, fund manager at Aizawa Securities.
"The fundamentals for domestic growth are relatively strong,
with the pandemic heading towards the end in Japan, and demand
for services set to grow."
Wall Street shares finished higher ahead of the U.S.
Thanksgiving holiday, with the Nasdaq Composite
underpinned by tech gains.
Their peers in Japan tracked the Nasdaq, with game maker
Sony Group rising 1.39%, wafer maker Shin-Etsu Chemical
gaining 1.57% and chip making equipment maker Tokyo
Electron climbing 0.6%.
Oil explorers were among the top performers in
the 33 sector sub-indexes on the Tokyo exchange, rising 1.85%,
as oil prices remained largely steady.
Probiotic yogurt maker Yakult Honsha gained 0.51%
after its professional baseball club Yakult Swallows came within
one win of the Japan Series championship.
ANA Holdings lost 5.65% as the airliner raised
funds through a convertible bond sale.
ANA's peers fell 3.89% and were the worst
performers among the sub-indexes, while railways
Mitsui & Co rose 2.32% and was the top percentage
gainer among the top 30 core Topix names, followed by Fanuc
, which gained 2.29%.
Recruit Holdings, losing 2.26%, was the worst
performer among the top 30 Topix names, followed by Toyota Motor
, which lost 0.59%.
(Editing by Shailesh Kuber)