TOKYO, Jan 19 (Reuters) - Japanese shares closed higher on Tuesday after declining for two consecutive sessions, as investors scooped up beaten-down stocks, with automakers and semiconductor-related plays leading the rebound.
"Investors are buying back shares which were sold out of concerns for overheat yesterday," said Hideyuki Suzuki, general manager at investment research for SBI (NS: SBI ) Securities Suzuki.
"Today's (Tuesday) rise represents the fundamental strength of the Japanese market. It is moving on its own without being influenced by the U.S. market, which was closed yesterday."
Sentiment was also buoyed after Chinese data released on Monday raised hopes that strength in the world's second-largest economy would underpin growth in the region. economic recovery beat analysts' expectations in the fourth quarter, expanding 6.5% from a year earlier, data from the National Bureau of Statistics showed. Japan, chip-related shares advanced, with Rohm Co 6963.T jumping 4.51% after Nomura Securities raised its target price.
Fast Retailing 9983.T rose 3.06% after a report said that the operator of Uniqlo clothing chain would add a payment function to its smartphone app.
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