By Reuters
TOKYO: Japan鈥檚 Nikkei share average nudged higher on Tuesday, as gains in technology stocks were partially tempered by caution ahead of local election results and US inflation data.
The Nikkei was up 0.12% at 39,507.28 by the midday break. The index rose as much as 0.46% earlier in the session, buoyed by gains in Nasdaq futures during Asia trade.
The US stock futures index advanced after AI chip giant Nvidia said it will resume sales of its H20 graphics processing unit (GPU) chips to China. The broader Topix edged 0.05% higher to 2,824.15.
鈥淭he Nasdaq鈥檚 gains were a positive cue for the Nikkei, but the gains of the Nikkei were limited as the market awaited US price data and the outcome of the national election,鈥 said Takamasa Ikeda, senior portfolio manager at GCI Asset Management. Global investors also await US consumer price data for June, due later in the day, and will monitor for any upward pressure on prices from tariffs.
In Japan, markets are wary of a potential defeat for the Liber