TOKYO, Oct. 24 (Xinhua) — Tokyo stocks turned slightly higher on an up-and-down Tuesday, snapping a three-day losing streak, as investors picked up tech shares that had been heavily sold.
Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 62.80 points, or 0.20 percent, from Monday at 31,062.35.
The broader Topix index, meanwhile, finished 1.92 points, or 0.09 percent, higher at 2,240.73.
Market players here said investors began the day by buying, hoping to see a natural rebound after the Nikkei had lost more than 1,000 in the past three sessions, but it quickly lost steam amid caution over the tensions in the Middle East.
However, after seeing sharp falls in the morning, the market started seeing bargains and energy returned for buyers, analysts said.
On the top-tier Prime Market, gainers were led by precision instrument, air transportation and iron and steel issues.
Among advancing tech-related stocks, electronic components maker TDK was up 78 yen, or 1.4 percent, to 5,678 yen, and technology investment firm Softbank Group climbed 103 yen, or 1.7 percent, to 6,233 yen. (1 Japanese yen equals about 0.0067 U.S. dollars)
