Tokyo, May 13 (QNA) - Japan's Nikkei index erased losses recorded earlier in Wednesday's session to close higher, supported by a jump in shares of memory-chip maker Kioxia, while the broader Topix index also rose 1 percent as investor confidence grew regarding the earnings outlook for domestic companies.
The Nikkei index rose 0.84 percent to close at 63,272.11 points after falling as much as 0.67 percent earlier in the session, while the broader Topix index climbed 1.01 percent to 3,912.14 points.
A total of 158 stocks listed on the Nikkei rose, while 64 declined and three remained unchanged.
Shares of Olympus Corp jumped 19.83 percent after the medical-equipment manufacturer forecast annual net profit above market expectations and announced a share buyback plan.
Kioxia shares surged 9.54 percent after earlier losses, giving the Nikkei its biggest boost, while Furukawa Electric, which specializes in manufacturing fiber-optic cables, rose 15.27 percent.
Toyota Motor shares rose 3.39 percent after a six-session losing streak, while Honda Motor gained 2.2 percent. (QNA)