Japan’s Nikkei rebounds on optimism of limited hit from Middle East conflict

Japan's Nikkei share average rebounded on Tuesday from the previous day's steep drop, taking cues from Wall Street as investors turned more optimistic that the Gaza conflict would not have a large impact on markets. The Nikkei gained 0.9% to 31,944.31 as of the midday break, following Monday's more-than-2% tumble. Precision machinery and information and communication subindexes were the second- and third-best performers among the Tokyo Stock Exchange's 33 industry groups, rising 1.6% and 1% respectively.