TOKYO: Japan’s Nikkei share average ended at a one-week high on Thursday, tracking Wall Street’s overnight strong finish, while the yen falling against the dollar raised hopes for better outlook for domestic companies.
The Nikkei jumped 2.31% to 28,065.28, its highest closing level since Aug. 31. The index marked its biggest daily gain in four weeks.
The broader Topix ended a six-session losing streak, jumping 2.19% to 1,957.62.
The dollar hovered near a two-decade high on Thursday, after surging to a 24-year peak against the yen overnight, as Japan’s dovish monetary policy contrasted with a hawkish Federal Reserve.
Uniqlo clothing shop owner Fast Retailing rose 3.33% and gave the biggest boost to the Nikkei, followed by chip making equipment maker Tokyo Electron gaining 2.17%.
Air-conditioning maker Daikin Industries rose 3.61% and technology investor SoftBank Group gained 2.44%.
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