The Nikkei index closed higher after a three-session decline

TOKYO (Archyde.com) – Japan’s Nikkei ended three straight sessions of losses on Friday, tracking Wall Street’s overnight rally, although gains were limited as investors began selling shares as the index approached the sentimental 27,000-point level. The Nikkei index rose 0.66% to close at 2,6781.68 points, and closed up by 0.16% during the week. While the broader Topix index rose 0.52 percent to 1887.30, and recorded a weekly gain of 0.53 percent. And Wall Street closed with a big rise yesterday, following the optimistic expectations of retail companies’ earnings and the easing of concerns regarding a sharp interest rate hike from the US Central Bank led to investors buying purchases. Nippon Yusen shares jumped 6.4 percent following the shipping company announced a share split. The shipping sector rose 4.88 percent and was the biggest gainer among the 33 sub-indices on the Tokyo Stock Exchange. Shares of companies related to inbound tourism rose as Japan eased border restrictions to allow in more tourists. Shares of department store chains G Front Retailing and Takashimaya rose 4.7 percent and 4.11 percent, respectively. Osaka Gas Co. fell 3.02%, and the Nikkei was the worst performer, followed by M3 medical services platform, which fell 2.81 percent. Shares of 143 companies in the Nikkei index rose compared to a decline of 80 shares.