The Japanese Nikkei index rose for the sixth consecutive session today, Friday, in the longest streak of consecutive gains since July, supported by the rise of Wall Street overnight and the rise of Fast Retailing, owner of Uniqlo stores.
According to “”, the Nikkei index closed up 1.2 percent at 28,493.47 points, recording a weekly rise of 3.54 percent, which is the largest since November. In the United States, the Standard & Poor’s index jumped 1.3 percent and the Nasdaq index rose 2 percent overnight.
Some of Japan’s most well-known technology stocks advanced, with Sony rising 1.68 percent and Nintendo 1.82 percent.
The rise in crude oil prices to multi-month highs overnight also supported energy stocks, with Itochu and Marubeni rising 4.48 and 3.35 percent, respectively.
Fast Retailing rose to 9.75 percent, its highest level since March 2021. Of the 225 stocks on the Nikkei index, 140 rose, 69 fell, and 16 settled.