The West

The Tokyo Stock Exchange has closed higher.
The Tokyo Stock Exchange has closed higher.

Japan's Nikkei climbed 1.8 per cent, ending near a key resistance level as short-covering emerged on a sense the market had been oversold, with investors also taking heart from gains in the euro.

The benchmark Nikkei climbed 174.60 points to 9879.85, its highest finish in about a week and almost matching its 25-day moving average of slightly above 9880.

The broader Topix gained 1.4 percent to 878.56.

Chip-linked shares such as Advantest Corp rose after U.S. peers gained on stronger-than-expected results by a major chipmaker that suggested improving demand, with strong U.S. consumer sentiment data reassuring investors about the health of the economy following an unexpected drop in retail sales.

The West Australian

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