TOKYO, Dec. 3 (Xinhua) -- Japan's Nikkei stock index climbed Wednesday as heavyweight technology shares rose notably following Wall Street gains amid expectations for a rate cut by the U.S. Federal Reserve at a monetary policy meeting next week.
The 225-issue Nikkei Stock Average advanced 561.23 points, or 1.14 percent, from Tuesday to 49,864.68. The broader Topix index finished 6.74 points, or 0.20 percent, lower at 3,334.32.
The yield on the benchmark 10-year Japanese government bond briefly rose to 1.89 percent, its highest level since June 2008. The U.S. dollar moved narrowly in the upper 155 yen zone in Tokyo amid a lack of fresh trading incentives, dealers said.
The benchmark Nikkei remained in positive territory, briefly recovering to the 50,000 line, boosted by heavyweight chip and artificial intelligence-related issues that tracked advances by their U.S. counterparts.
Sentiment was also improved by speculation about further Fed monetary easing after U.S. President Donald Trump said Tuesday that he would announce the next Fed chair early next year, brokers said. ■