Japan Shares Set for Weekly Gains
The Nikkei 225 Index rose 0.3% to 40,034, while the broader Topix Index also climbed 0.3% to 2,847 during Friday morning trading, marking the second straight session of gains. The advance followed a rally on Wall Street on Thursday, supported by upbeat corporate earnings and strong US economic data.
The Nikkei reached its highest level in over two weeks, as recent trade agreements between the US and both Vietnam and Indonesia continued to boost investor sentiment. Traders largely shrugged off a statement from US President Donald Trump, who reiterated his intention to impose a 25% tariff on Japan, as well as Thursday’s disappointing trade data.
However, gains were capped ahead of Japan’s upcoming Upper House election. Consumer non-durables and communication stocks led the market. Among the early gainers were Sumitomo Pharma (3.9%), Hitachi (2.9%), and Ebara Corp (2.8%). For the week, the Nikkei is on track for a 1.3% gain, recovering from losses in the previous week.
Source : Trading Economics
