Japan's Nikkei rises to track Wall Street, trading firms jump

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TOKYO, March 18 (Reuters) - Japan's Nikkei share average rose more than 1% on Tuesday, tracking Wall Street's overnight gains, with trading firms leading the gains.

By 0019 GMT, the Nikkei index was up 1.3% at 37,891.30 and the broader Topix rose 1.3% to 2,783.39.

U.S. stocks gained for a second straight session on Monday as investors sought bargains after Nasdaq's and the S&P 500's four-week tumble and assessed the latest economic data to gauge the impact of the Trump administration's policies.

In Japan, trading firms jumped after Warren Buffett's Berkshire Hathaway ( BRK/A ) raised its holdings in five Japanese trading houses.

Mitsui & Co ( MITSF ) jumped 4.9% and Mitsubishi Corp ( MSBHF ) climbed 4.5%.

Uniqlo-owner Fast Retailing ( FRCOF ) rose 1.5% to give the biggest boost to the Nikkei. (Reporting by Junko Fujita; Editing by Tom Hogue)

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