Nikkei follows Wall Street higher ahead of the US inflation report

TOKYO (Reuters) – The Japanese index closed higher on Tuesday, following the Wall Street gains led by video game company Nintendo, although investors exercised caution ahead of a key US inflation report.

The Nikkei index closed 0.25% higher at 28,614.63 points, after rising early in the session to 28,659.76 points, the highest level since August 26th. Of the 225 stocks in the index, 128 rose and 86 fell, while 11 stocks closed unchanged.

The broader Topix index rose 0.32% to 1986.57 points.

The US Standard & Poor’s Index rose more than 1% overnight before the release of the Consumer Price Index report on Tuesday, through which investors will hear indications of the extent of the Federal monetary policy tightening. Reserve in the next period.

The energy sector was the best performer on the Nikkei, which rose 0.85 percent as it continued to recover from its lowest levels in recent months due to concerns over supplies to the Northern Hemisphere in the winter.

Nintendo was the best in the index, leaping 5.51% after announcing record national sales of the game (Splatoon 3) upon its launch on the platform (Switch), even surpassing sales achieved by the game (Animal Crossing New (NYSE: ) Orizzonti) on its launch.

Travel-related stocks also spiked after a report on Monday said Japan plans to lift tourist visa requirements from some countries as part of measures to ease tight border controls.

(Prepared by Ahmed El-Sayed for the Arabic Bulletin – Edited by Suha Jado)

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