Tokyo (Archyde.com)
The Japanese Nikkei index rose to its highest level in more than six weeks at the close on Friday, supported by gains in growth-related shares that followed the path of gains on Wall Street, and the shares of shipping companies, which rose following recording strong gains. The highest closing level since the ninth of June.
The index jumped 4.2 percent this week, its biggest weekly gain since March 25. It also rose for the seventh consecutive session, which is the longest continuous rally since the end of March.
The broader Topix index rose 0.28 percent to 1955.97 points, recording a weekly increase of 3.35 percent.
US stocks rose on Thursday, supported by the rise and strong gains in the evening of leading growth-related stocks such as Tesla.
Chip maker Tokyo Electron rose 1.34 percent.
Daikin air conditioner maker shares rose 3.45 percent. The shipping sector index jumped 4.75 percent following three major companies announced their annual profit forecasts.
Kawasaki Kisen shares rose 11.31 percent, while Nippon Yusen shares jumped 4.02 percent.
But utility stocks fell. Tokyo Electric Power Co. fell 8.3%, and Chubu Electric Power Co. fell 2.75 percent.
