Japanese stocks advanced as investors picked up shares a day after the benchmark gauges posted their steepest declines this year.
Electronics makers and pharmaceutical companies were the biggest boosts to the Topix index. Some 1,562 stocks on the Topix go ex-dividend on Wednesday, meaning today is the last day for investors to buy shares to receive the next payout. Those companies -- including Sony Corp., Takeda Pharmaceutical Co. and Central Japan Railway Co. -- gained as investors bought shares to gain dividend rights.
Topix +2.3% at 1,612.91 as of midday break in Tokyo. Nikkei 225 +1.8% at 21,362.60.
Source : Bloomberg