TOKYO: Japan’s Nikkei share average rose on Thursday, snapping a five-day skid, as a rally in domestic bonds and de-escalating tensions between the United States and Europe supported demand for risk assets.
The Nikkei rebounded 1.7 percent to close at 53,688.89, halting the longest losing streak in a year. The broader Topix climbed 0.7 percent to 3,616.38.
The Japanese stock market has been volatile this month, jumping last week on expectations of expanded stimulus under Prime Minister Sanae Takaichi. It pulled back this week on fiscal concerns after she pledged to suspend sales taxes on food for two years.
Takaichi is set to dissolve parliament on Friday to trigger a snap election.
Super-long government bonds tanked this week, sending their yields to record highs.
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