Japan’s Nikkei share average rose on Monday for the first time in three days, with automakers rallying amid a weaker yen, as investors pared bets for a hawkish policy tweak from the nation’s central bank this week.
Chip-related shares rebounded from a two-day drop, tracking moves in U.S. peers. Steel companies also gained, after strong earnings from Tokyo Steel saw its stock surge by the daily limit.
The Nikkei ended the day up 1.23% at 32,700.94. Of the index’s 225 components, 198 rose, while 25 fell and two were flat.
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