Nikkei Rises for the Ninth Consecutive Week

The Japanese Nikkei index rose today, Friday, marking its ninth consecutive week of gains as investors felt reassured by the stabilization of the final settlement price. The Nikkei increased by 1.97% to close at 32,265.17 points, achieving its largest daily gain since Monday. The index rose 2.35% over the week, recovering from a nearly 4% loss over the past two days after reaching its highest level in 33 years on Wednesday. Meanwhile, the broader Topix index rose by 1.50% to 2,224.32 points, with a weekly increase of 1.9%. The closely monitored final settlement price was determined at 32,018.38 points, calculated based on the opening prices of 225 listed stocks on the Nikkei on the second Friday of the month.