Japanese stocks rose, with tech stocks rebounding, after solid earnings reports from Amazon.com and Intel allayed concerns about the sector. 

Topix Index rose 0.4% to 2,233.61 as of 9:10 a.m. Tokyo time. Nikkei advanced 0.4% to 30,723.39.

Amazon.com saw strong revenue on rising sales in its retail unit and from cost cuts. Intel climbed after announcing an upbeat forecast. This may soothe worries after the Nasdaq 100 index fell into a technical correction on weak earnings from some companies.

"While US stocks are heading into the final phase of a technical correction, good earnings from Amazon and other companies are calming the external environment, which is positive for Japanese stocks," said Nobuhiko Kuramochi, a market strategist at Mizuho Securities. 

Toyota Motor Corp. contributed the most to the Topix Index gain, increasing 0.7%. Out of 2,154 stocks in the index, 1,628 rose and 313 fell, while 213 were unchanged.

Source : Bloomberg