Japanese shares close at 26 years high

Japanese share on Tuesday ended at its highest in more than 26 years, with real estate and precision machinery stocks leading the gains.

The Nikkei finished up 1.3 per cent at 24,124.15. Earlier in the session, it touched 24,129.34, its highest intraday level since November 1991, reports Reuters.

The broader Topix gained 1.0 per cent to 1,911.07, after rising to an intraday high of 1,911.31, its highest since June 1991.

Advancers outnumbered decliners 456 to 180, with 47 issues ending unchanged.

Shares of Torii Pharmaceutical ended 4.6 per cent higher after it raised its net profit outlook on Monday, helping the pharmaceutical sector gain 1.2 per cent.

DIC Corp closed 2.9 per cent up after business daily Nikkei reported that the chemical company’s group operating profit rose 5.0 per cent in 2017.

Real estate shares added 2.1 per cent, while precision machinery shares gained 1.9 per cent.