Japan's Nikkei index rose Tuesday, Dec. 26 and shares of shipping and chip companies erased retail sector losses, with Also generally moving within a very narrow range amid a dearth of indexes that would move trading trends and with many investors missing because of the year-end holidays.
The Nikkei closed 0.16% higher at 33,305.85 points, while the broader Topix index ended up 0.06% after trading volume reached about 680 million shares Tuesday after falling to an eight-month low of 590 million shares on Monday.
The shipping companies sector experienced a volatile session, but at the end of the best-performing trading among the 33 subsectors of the Tokyo Stock Exchange, it rose 1.2%. Nippon Yoshen rose 1.63% and Mitsui O. S.S. K. Lines 1.53%, chip stocks rose in the afternoon, and Tokyo Electron and Advantest were today the biggest points gainers on the Nikkei index, up 1.1% and 1.00 62%, respectively.
Takashimaya retail fell 3.16% despite the company reporting strong earnings after the market closed on Monday. Its stock rose 2.36% the day before the results were announced, Fast Retelling, which owns the Uniclow apparel brand, fell 0.39% and was the biggest points loser on the Nikkei index.
