Japan shares jumped, supported by Wall Street gains and the easing of Corona restrictions in China

Japanese stocks jumped on Friday, led by chip-related and other blue-chip stocks, after Wall Street closed higher Thursday night, supported by growing hopes of a recovery in global economic growth following China’s easing of anti-COVID-19 restrictions.

The Nikkei index closed up 1.18 percent at 27,901.01 points, recording the largest daily increase since November 11, and rose 0.44 percent during the week.

The broader Topix index rose 1.03 percent to 1961.56 points, and recorded an increase of 0.39 percent during the week.

The chip maker Advantest was the best performer on the Nikkei, jumping 5.78 percent. Rival Tokyo Electron rose 2.93 percent. Investment group SoftBank rose 1.2 percent, and electronic component manufacturer TDK rose 3.43 percent.

Shiseido Cosmetics, one of the stocks likely to benefit from a recovery in consumer spending in China, rose 3.24%, gaining more than 6.5% for the week.

Toshiba shares rose 4.4 percent.

The utility sector index rose 2.24 percent and was the best performer among the sub-indices on the Tokyo Stock Exchange.