Nikkei rises after US stocks gain before Trump's speech

TOKYO: Japan's Nikkei share average gained on Tuesday morning after U.S. stocks rose and the dollar gained on hopes that U.S. President Donald Trump will speak about infrastructure spending in an address to Congress later in the day.
The Nikkei rose 0.7 percent to 19,235.10 in midmorning trade after dropping to 2-1/2 week lows on Monday.
All of Topix's 33 subsectors were in positive territory, with cyclical stocks outperforming after falling on the previous day.
In Wall Street, the Dow Jones Industrial Average closed at a record high for a 12th straight session after Trump said he would talk about his plans for "big" infrastructure spending in his first major policy address to Congress.
"Investors have seen the market fluctuating between hopes and disappointment about Trump's growth policy and a lack of details," said Isao Kubo, equity strategist at Nissay Asset Management. "They now hope that his speech today will finally bring some details, but they are not entirely optimistic so they are still nervous about taking positions."
Exporters were higher, with Toyota Motor Corp rising 0.9 percent, Honda Motor Cogaining 1.2 percent and Panasonic Corp soaring 1.3 percent after the dollar gained 0.51 percent against the yen to 112.75 yen.