Nikkei Closes Higher With Support From Sony and Toyota

Japan’s Nikkei closed higher on Friday, July 2, as gains in export-focused Sony and Toyota Motor Group offset by a weaker yen in chip-related stocks, but the index closed lower for the week on concerns about new infections with the Coronavirus.

The Nikkei index rose 0.27% to 28,783.28 points, after falling for four consecutive sessions, while the broader Topix index increased 0.88% to 1956.31 points.

On the week, the Nikkei fell 0.97%, its first decline in four weeks, while the Topix lost 0.32% after rising last week.

Japan is likely to extend coronavirus containment measures for two weeks or more in the greater Tokyo area, four government sources said Thursday.