Japan’s Nikkei tracks Wall Street higher; chip shares lead gains

Japan's Nikkei share average rose on Tuesday to track the overnight firm finish of Wall Street as investors scooped up stocks after sharp losses in the previous session, with chip-related shares leading the gains. The Nikkei index rose 0.8% to 32,315.61 by the midday break, regaining some of its 1.27% losses in the previous day. "The market rebounded from sharper-than-expected losses in the previous session, where there was no strong force to buy stocks in dips," said Seiichi Suzuki, chief equity market analyst at Tokai Tokyo Research Institute.