The 225-issue Nikkei Stock Average rose 138.19 points, or 0.94 percent, from Monday to 14,856.53. Japanese financial markets were closed Tuesday for a national holiday. The broader
A broad range of shares attracted buying after the 30-issue Dow Jones Industrial Average rose 1.2 percent overnight, reacting positively to new Fed chief
Brokers said uncertainty over the course of the Fed's monetary policy receded after Yellen said the central bank has been mindful of the recent volatility in financial markets but said this would not immediately affect its monetary policy of scaling back its stimulus as long as the economy improves.
"There was a sense of security as Fed chair Yellen signaled that the Fed would keep its ultra-low interest rate policy for a long time," while regarding recent emerging market turmoil as no major risk to the U.S. economy, said
Market players were also relieved that the
On the First Section, advancing issues outnumbered declining ones 1,504 to 201, while 75 finished the morning unchanged.
By sector, rubber, insurance and nonferrous metal shares drew notable buying.
Insurers fared well, with
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