Nikkei reveress course to end higher as yields fall sharply, yen weakens

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Tokyo, May 27 (Reuters) – Japan’s Nikkei Share Average Reversed Early Declines to End Higher on TuesDay, as a weaker yen and Falling yields on supers long -dated bonds lifted

The nikkei rose 0.51% to close at 37,724.11, after falling as much as 0.3% earlier in the session.

The broader topix rose 0.64% to 2,769.49.

Yields on Japanese Government Bonds (JGBS) Fell sharply, extending declines, after reuters reported Yields for the notes.

“The Market’s Attention is more on JGB Yields Now, Rather Than Stocks, and the Decline in Yields on Super-Long Bonds Supports Sentiments for Investors,” Said Shuutarou Yasuda, A MARCET ANALYST at Tokai Tokyo Intelligence Laboratory.

The yields on Super-Long Bonds Surged to Record Levels Last Week, After a Weak Auction of the 20-YAR BONDS and on Concerns about political jockeying Over a Government Stiments Program.

The yen also weakened against the dollar – which typical tends to boost shares of local firms, as it rises the value of overseas profits in yen terms when firms representing

Technology Investor Softbank Group Rose 2.23%, BComing the biggest boost for the nikkei.

Shares of Staffing Agency Recruit Holdings Rose 1.88%, While Game-Maker Sony also Advanced 1.84%.

Chip-Making Equipment Maker Tokyo Electron Fell 0.69% to drag the nikkei the most.

Drugstore operator tsuruuha holdings trimmed its Early Losses to Rise 0.53% After Sharehlders Approved Its Merger With Welcia Holdings, Despite OPPOSITE OPESITE OM UK-BASED FUROM UK-BASED

On the tokyo stock exchange’s prime market, 68% of the over 1,600 listed stocks advanced, 26% declined, and 4% remained unchanged.

(Reporting by Junko fujita; editing by janane venkatraman and sherry jacob-phhillips)