Japan’s Nikkei closed higher for the sixth consecutive day

Japan’s Nikkei index rose for the sixth consecutive session on Friday, its longest streak of consecutive gains since July, supported by a rally on Wall Street overnight and the rise of Fast Retailing, owner of Uniqlo stores.

The Nikkei index closed up 1.2 percent at 28,493.47 points, recording a weekly rise of 3.54 percent, the largest since November.

In the United States, the Standard & Poor’s index jumped 1.3 percent and the Nasdaq index rose 2 percent overnight.

Some of Japan’s most well-known technology stocks advanced, with Sony rising 1.68% and Nintendo 1.82%.

The rise in crude oil prices to multi-month highs overnight also supported energy stocks, with Itochu and Marubeni rising 4.48 and 3.35 percent, respectively.

Fast Retailing rose to 9.75%, its highest level since March 2021.

Of the 225 stocks on the Nikkei index, 140 rose, 69 fell, and 16 settled.