Summary In share trading, Nintendo gained more than five percent to 21,350 yen in early trade
TOKYO (AFP) - Tokyo shares jumped in early trade Tuesday, extending the previous day s sharp rally as exporters including Toyota and factory robot maker Fanuc got a boost from a weaker yen.
The benchmark Nikkei 225 index soared as much as 3.30 percent, or 518.92 points, to 16,227.74 in early trade, after a four percent rise on Monday.
The broader Topix index of all first-section shares jumped as high as 3.20 percent, or 40.14 points, to 1,295.93.
Tokyo picked up a solid lead from global equity markets on Monday, with the S&P 500 roaring to an all-time high on Wall Street.
Japanese Prime Minister Shinzo Abe s ruling coalition victory in weekend parliamentary elections has boosted hopes for a big stimulus package to kickstart growth.
"US shares have started the week on a good note, and the risk-on (sentiment) is continuing," Toshihiko Matsuno, chief strategist at SMBC Friend Securities, told Bloomberg News.
"It s leading to higher share prices."
Abe said Monday he would order his economy minister to draft fresh stimulus measures, the size of which could reach 20 trillion yen ($196 billion), Japanese media said.
In share trading, Nintendo gained more than five percent to 21,350 yen in early trade.
The videogame giant s shares are up more than 40 percent over three sessions on a rally sparked by huge demand for its new smartphone game Pokemon GO -- which connects a user s real-world location to the game as they try to catch on-screen characters.
The new title comes after the Super Mario maker released Miitomo, its first-ever mobile game, in March, as it moved away from a longstanding -- and much criticised -- consoles-only policy.
Automakers gained, with Toyota and Nissan each surging more than four percent higher.
Uniqlo-operator Fast Retailing, a market heavyweight, rose 3.6 percent, while factory robot maker Fanuc climbed 3.8 percent.
On currency markets, the dollar was stronger at 103.03 yen from 102.82 yen in New York, and well up from 101.70 yen in Tokyo earlier Monday.
