The Nikkei share average in Japan closed higher for the second consecutive day on Tuesday. The rise was primarily driven by the banking sector, as bond yields surged and chip-related shares followed the lead of their counterparts in Wall Street.
The increase in bond yields had a positive impact on banks, as higher yields typically improve their profitability. Chip-related shares also saw gains due to the strong performance of their peers in Wall Street. This upward trend in the Nikkei share average reflects the overall optimism in the market, as investors are hopeful about the prospects of economic recovery.
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