Japan’s Nikkei Rises but US Earnings Caution Caps Gains

TOKYO, April 23 (Reuters) – Japan’s Nikkei share average rose on Tuesday, buoyed by Wall Street’s rally overnight, although concerns about big tech earnings and tensions in the Middle East capped gains.

The Nikkei ended the day up 0.3% at 37,552.16. notching a second consecutive session of gains after slumping to a 10-week low on Friday.

Trading was choppy in Tuesday’s morning session, with the index gaining 1% before retreating briefly into negative territory. However, the afternoon was calm with the index tracking mainly sideways.

The broader Topix finished up 0.14%.

All three of the main U.S. stock benchmarks rallied on Monday, rebounding from big losses the previous week.

However, Tesla shares dropped 3.4% following price cuts in a number of its major markets. The electric vehicle maker is one of the so-called Magnificent Seven group of…