The Japanese Nikkei index rose for the sixth consecutive session today, Friday, marking its longest winning streak since July, supported by an increase in Wall Street overnight and a rise in Fast Retailing, the owner of Uniqlo stores. The Nikkei index closed up 1.2% at 28,493.47 points and registered a weekly gain of 3.54%, the largest since November.
In the United States, the S&P 500 jumped 1.3%, and the Nasdaq increased by 2% overnight.
Some of the most prominent technology stocks in Japan saw gains, with Sony rising by 1.68% and Nintendo by 1.82%.
The rise in crude oil prices to their highest levels in several months overnight also supported energy stocks, with Itochu and Marubeni increasing by 4.48% and 3.35%, respectively.
Fast Retailing's stock surged by 9.75%, reaching its highest level since March 2021. Among the 225 stocks in the Nikkei index, 140 rose, 69 fell, and 16 remained unchanged.
