TOKYO, April 13 (Reuters) - Japanese shares rose on Tuesday, led by gains in stocks of glass product companies and department store operators after their robust earnings, though concerns about rising domestic COVID-19 cases undermined travel-related shares.
Nikkei share average .N225 rose 1.0% to 29,840.04, holding above key support levels from its 25-day, and 50-day moving average, at 29,507 and 29,442.
The broader Topix .TOPX gained 0.54% to 1,965.08, but it moved in a tight range it has hugged over the past several sessions.
AGC 5201.T rose 3.6%, briefly hitting a 10-year high, after the glass product maker revised up its earnings outlook and dividend forecasts.
Takashimaya 8233.T gained 4.3% after the department store chain operator announced a larger-than-expected profit in the current financial year after a dismal year hit by the pandemic.
Hopes of vaccine rollouts also helped to underpin department store shares, but rising concerns about a surge in domestic COVID-19 cases hit travel-related sectors.
Airline shares .IAIR.L.T fell 1.5% to become the worst-performing industry subindex.
Japan late last week placed Tokyo under a new, month-long state of "quasi-emergency" to combat surging COVID-19 infections. Electric 6506.T , seen as industry bellwether, also edged down 0.4% a day after it fell 7.1%, its biggest in more than a year, after its earnings failed to meet investors' expectations.
"Yaskawa's reaction seems to epitomise the entire market. There was nothing wrong with its earnings but people have been already expecting a strong recovery and that may be already priced in," said Hiroyuki Ueno, senior strategist at Sumitomo Mitsui Trust Asset Management.
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