TOKYO, Aug. 14 (Xinhua) -- Tokyo stocks closed higher Tuesday, with the benchmark Nikkei stock index rising more than 2 percent as investors bought back issues oversold following the Turkish lira tanking a day earlier amid the country's financial crisis.
The 225-issue Nikkei Stock Average gained 498.65 points, or 2.28 percent, from Monday to close the day at 22,356.08.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 27.45 points, or 1.63 percent, to finish at 1,710.95.
Market strategists said that short-term investors may have been overly spooked by the financial crisis in Turkey and overreacted to the lira nosediving.
As a result, they said, positions were bought back during trading hours with indices recovering solidly from the rout a day earlier.
Heavily-weighted issues that have a solid bearing on the market direction and were sold a day earlier were re-bought, with advances of both SoftBank and Fast Retailing helping to prop up the market, local brokers said.
They added that Chinese stocks also making ground and narrowing losses helped maintain a positive market mood throughout the day.
By the close of play, warehousing and harbor transportation service, precision instrument, and information and communication-linked issues comprised those that gained the most, and rising issues beat declining ones by 1,795 to 264 on the First Section, with 45 ending the day unchanged.
On the main section on Tuesday, 1,206.24 million shares changed hands, dropping from Monday's volume of 1,523.64 million shares.
The turnover on the second trading day of the week came to 2,053.3 (18.50 billion U.S. dollars).
