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Japan Shares Rise on Tech Gains, And COVID-19 Measures Limit Rallies

Adel 7 May, 2021 1:46 pm Global Stock Market, Market Update

Japanese shares closed higher on Friday, May 7, as investors flocked to inexpensive technology shares, while gains were capped by concerns about a slow economic recovery amid extended emergency measures linked to COVID-19.

The Nikkei index rose 0.09% to close at 29,357.82 points, while the broader Topix index rose 0.29% to 19,33.05 points.

Both indices fell earlier in the session after rising on Thursday at the fastest pace in two weeks.

Japan is set to extend the state of emergency in Tokyo and three other regions by about three weeks until the end of May to curb the escalation of coronavirus infections.

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