Japan Shares Rise at The End of The Week, Tracking The Strong Closing of Wall Street

Japanese stocks closed higher on Friday, June 25, as cyclical and technology-related stocks followed the strong shutdown of Wall Street, but gains were capped by concerns about the country’s economic recovery as well as a cautious outlook for US stocks.

The benchmark Nikkei index rose 0.66% to 29,066.18 points, while the broader Topix index advanced 0.80% to 1962.65 points.

In the week, Nikkei gained about 0.35% to rise above the 29,000 point level, which market participants said has become a psychological barrier while the prospects for Japan’s economic recovery remain uncertain.