Nikkei closed higher amid bargain hunting after the yen fell against the dollar

Japan’s Nikkei index recovered early losses to close higher on Friday as investors bought back falling stocks and the yen fell against the dollar.

The Nikkei index closed up 0.59 percent at 25,973.85 points, after it started trading on a lower note, affected by the decline on Wall Street at the end of trading during Thursday night. The index lost 0.46% over the course of the week, which included several holidays.

The broader Topix index rose 0.37% to 1875.76, but lost 0.84% during the week.

The Nikkei rose, supported by heavyweights, with chip and device maker Tokyo Electron jumping 3.51 percent and technology investment group SoftBank rising 1.24 percent. Daiichi Sankyo Pharmaceuticals rose 3.51 percent.

Sony Group shares rose 2.41 percent and Honda Motor shares rose 1.93 percent.

The shipping companies index jumped 3.27 percent, the best performer among the 33 sub-indices on the Tokyo Stock Exchange.