TOKYO, Oct. 26 (Xinhua) -- Tokyo stocks closed largely higher Tuesday as sentiment was encouraged on overnight record highs of Wall Street.
The 225-issue Nikkei Stock Average finished up 505.60 points, or 1.77 percent, from Monday at 29,106.01.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange ended 22.98 points, or 1.15 percent, higher at 2,018.40.
Every industry category gained ground, led by marine transportation, iron and steel, and electrical appliance issues.
Stocks gained throughout the day in multiple sectors following strong U.S. corporate earnings that sent Wall Street to record highs, as rises in some Asian markets provided support for the market in addition.
The Nikkei index advanced nearly 2 percent, moving slightly after topping the 29,000 mark.
"U.S. earnings triggered investors to buy cyclical shares sensitive to economic fluctuations, while a range of factors including gains in U.S. stock futures and a weaker yen pushed the market up further," said Maki Sawada, a strategist at Nomura Securities Co.'s investment content department.
Investors are paying attention to the domestic corporate earnings report to be released this week. They are concerned about whether the results will make the Nikkei Index move closer to the 30,000 mark amid worries on how profit forecasts will be influenced by rising crude oil and material prices, Sawada said.
Concerns over China's economic recovery and its possible impact on the earnings outlook are also drawing investors' eyes, Sawada added.
On the First Section, advancers outnumbered decliners 1,685 to 398, while 101 finished unchanged.
IBJ operating marriage consultation services increased by 1.5 percent, wedding ceremony management firm Escrit gained 3.9 percent, while baby goods maker Pigeon jumped 3.5 percent.
Kawasaki Kisen Kaisha surged 5.4 percent, after a news report Tuesday that the firm's pretax profit for April-September period expanded around 23 times from the previous year and exceeded market expectations.
Other marine transportation issues were pulled up by the report, with Mitsui O.S.K. Lines climbing 2.2 percent and Nippon Yusen advancing 2.9 percent.
In the exporter sector, automakers Suzuki Motor rose 1.9 percent, and Nissan Motor went up 1.5 percent.
Trading volume on the main section increased to 1,141.96 million shares from Monday's 1,045.76 million shares. Enditem