Nikkei Climbs on Wall Street Gains and Falling Oil Prices

Japan's Nikkei share average climbed on Tuesday, driven by gains on Wall Street and a drop in crude oil prices. The Nikkei rose 0.2% to 70,081.53 by the end of the morning session, while the broader Topix gained 0.4% to 4,163.61. Of the Nikkei's 225 components, 140 stocks advanced, 82 declined, and three remained unchanged.

All three major US stock indexes closed higher overnight, with the tech-heavy Nasdaq Composite reaching a record high. Technology stocks, including Nvidia, led the rally. Japanese technology shares saw mixed results, with chip-equipment maker Advantest rising 1.7%, while SoftBank Group fell 2.7%.

The decline in crude oil prices supported Japanese equities, as the country heavily relies on imported energy, particularly from the Middle East. Investors are now awaiting the results of a 10-year Japanese government bond auction later in the day. Bond yields have climbed to multi-decade highs amid concerns over Prime Minister Sanae Takaichi's expansionary fiscal policies and a selloff in French government debt.

Markets will also focus on a speech by Bank of Japan Governor Kazuo Ueda after the close of trading. His remarks could provide insights into the central bank's approach to further interest-rate increases.