TOKYO, March 25 (Reuters) - Japanese shares closed higher on Thursday as investors scooped up beaten-down cyclical stocks, although gains were capped by technology shares that tracked Nasdaq lower.
"There were a lot of pessimistic news that prompted investors to sell cyclical shares (yesterday). They are buying back those today," Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities.
Nikkei heavyweight Fast Retailing 9983.T , the operator of Uniqlo brand clothing store, led the gains on Nikkei with its 1.39% gain.
Toyota Motor 7203.T edged up 0.43% after the automaker revived a partnership with Isuzu Motor 7202.T to boost their competitive edge in connected, commercial vehicles, with Toyota's truck unit Hino Motors Ltd 7205.T joining in the pact. fell 1.94%, while Hino slumped 5.19% following a surge on the news on Wednesday, making it the biggest loser on the Nikkei index.
Tech investor SoftBank Group 9984.T , down 2.84%, was the second biggest loser on the Nikkei.
All the 33 sector sub-indexes on the Tokyo exchange traded higher, led by the sea transport industry.
The underperformers among the Topix 30 were SoftBank Group, followed by Nintendo 7974.T losing 1.31%.
There were 207 advancers on the Nikkei index against 17 decliners.
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