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The Japanese Nikkei index rose to its highest level in more than 6 weeks at the close on Friday, July 22, supported by gains in growth-related stocks that followed the path of gains on Wall Street in the evening, and the shares of shipping companies, which rose after recording strong gains.
The Nikkei index rose 0.4% to close at 27,914.66 points, the highest closing level since the ninth of June.
The index jumped 4.2% this week, its biggest weekly gain since March 25.
It also rose for the seventh consecutive session, which is the longest continuous period of rise since the end of March.
The broader Topix index rose 0.28% to 1955.97 points and recorded a weekly increase of 3.35%.
US stocks rose on Thursday, July 21, supported by the rise and strong gains in the evening of leading growth-related stocks such as Tesla.
Shares of Tokyo Electron, the electronic chip maker, rose 1.34%,
Daikin air conditioner maker shares rose 3.45%.
The shipping sector index jumped 4.75% after 3 large companies announced their annual profit forecasts.
Kawasaki Kisen shares rose 11.31%, while Nippon Yusen shares jumped 4.02%.
Utility stocks fell, with Tokyo Electric Power Co. down 8.3%, and Chubu Electric Power Co. down 2.75%.
