Japan’s Nikkei Ends Firmer as Investors Buy Shares after Sharp Drop (Update 1)

TOKYO, June 18 (Reuters) – Japan’s Nikkei share average rose on Tuesday as investors bought stocks after sharp losses in the previous session.

The Nikkei rose 1% at 38,482.11. The index fell 1.8% on Monday, slipping below the psychologically key 38,000 level for the first time this month.

The broader Topix ended 0.58% higher at 2,715.76.

The Nikkei fell more than it should have in the previous session, so investors bought back stocks, said Seiichi Suzuki, chief equity market analyst at Tokai Tokyo Intelligence Laboratory.

But the market does see any good news to lift the index further or bad news to push it lower at the moment.

Chip-making equipment maker Tokyo Electron rose 2.7% to provide the biggest boost to the Nikkei.

TDK jumped 6.32% after the electronic parts maker said it successfully developed materials for…