TOKYO, April 22 (Reuters) - Japanese shares jumped on Thursday as investors scooped up cyclical and chip-related shares after they fell sharply in the previous two sessions, with sentiment aided by an upbeat finish on Wall Street overnight.
Concerns about an economic slowdown amid preparations of a third state of a virus-led emergency eroded about 4% from the Nikkei and 3.5% from the Topix index in the past two days.
"Investors are buying stocks as prices have become reasonable after declines in the past two days," said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management.
"An introduction of a state of emergency makes investors wary but the number of new infections could fall. That might be factored into today's market."
Nidec 6594.T , known for making precision motors used in computer hard drives, gained 3.89% ahead of its earnings announcement on Thursday. The company is one of the first major manufacturers to disclose outlook in the earnings seasons.
There were 200 advancers on the Nikkei index against 22 decliners.
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