Japan's Nikkei share average followed U.S. stocks higher on Thursday morning after Wall Street gained overnight, with financial stocks rallying on an increase in U.S. bond yields.
The Nikkei gained 0.5 percent to 22,824.73 in midmorning trade as a weaker yen helped overall sentiment. The broader Topix gained 0.3 percent to 1,806.29.
Wall Street indexes ended higher as small-cap stocks surged, even as a rise in U.S. bond yields to an almost seven-year high suggested more competition for equities and investors fretted over global politics.
Yields on 10-year U.S. Treasuries hit 3.10 percent on Wednesday for the first time since July 2011.
Source : Reuters