TOKYO – Japan’s Nikkei share average hit its highest level since March 1990 on Tuesday, as investors snapped up chip-related stocks tracking an overnight Wall Street rally in technology shares.
The Nikkei was up 1.44 percent at 33858.63 by the mid-day break, after hitting a 33-year high of 33990.28 earlier. Of the 225 stocks on the index, 151 advanced.
The broader Topix index was up 0.93 percent.
Chip-related stocks, which tend to move the benchmark, led the Nikkei’s rise after chipmakers Nvidia and Advanced Micro Devices surged on Wall Street overnight.
