"The Nikkei will reclaim the 30,000 level sooner or later, depending on how the US bond yields will perform," said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management.
"In the first place, the yields rose on expectations for an economic rebound, which is not a bad news for the stock market." Nasdaq index, composed mainly of tech shares that are sensitive to rising yields, rose 0.56 per cent on Friday after US bond yields peaked, while the Dow Jones Industrial Average fell 1.5 per cent, and the S&P 500 edged down 0.48.
Shares of chipamkers jumped in Japan, with Tokyo Electron rising 2.09 per cent, Advantest adding 4.23 per cent and Screen Holdings jumping 3.49 per cent.
Index heavyweight SoftBank Group, up 5.46 per cent, was the biggest contributor to Nikkei's gain, followed by Uniqlo clothing store operator Fast Retailing, which jumped 2.71 per cent.
Itochu jumped 3.91 per cent after Warren Buffet's Berkshire Hathaway disclosed a holding of a 5.1 per cent stake in the trading house, as of Dec. 31.
The largest percentage gainer in the Nikkei index was NTT Data, which surged 8.12 per cent, followed by Haseko gaining 5.92 per cent and Nippon Sheet Glass up 5.57 per cent.
The largest percentage losers were Sharp Corp, which fell 2.83 per cent, followed by Rakuten losing 2.02 per cent and West Japan
Railway Co down 0.88 per cent.
There were 206 advancers in the Nikkei index against 17 decliners.
All the 33 sector sub-indexes on the Tokyo exchange traded higher.
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