Nikkei hits near 8-mth high, Topix also jumps; insurers rally after US yields rise

Japan's Nikkei extended its gains to near eight-month highs on Wednesday as investors took heart from a strong performance in Wall Street despite lingering trade war concerns, with financial stocks rallying after U.S. yields jumped.

The Nikkei share average ended 1.1 percent higher at 23,672.52, the best closing level since late January.

Investors say that another milestone is in sight, as the Nikkei edges closer to the 24,129.34 hit on Jan. 23, a break of which will put it at the highest point since November 1991.

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