Japanese shares closed higher on Friday, recovering from a nearly 2 percent drop in the previous session, as investors snapped up falling stocks on hopes of corporate earnings growth.<\/p>\n\n\n\n
The Nikkei index ended trading up 1.27 percent at 2,6739.03, and recorded a weekly gain of 1.18 percent. The broader Topix index rose 0.93 percent to 1877.37, and it rose 0.71 percent during the week.<\/p>\n\n\n\n
The gains came despite Wall Street’s decline overnight, weighed down by concerns about the broad impact of inflation and a slump in Cisco Systems shares after the network equipment maker cut its revenue growth forecast in 2022.<\/p>\n\n\n\n
“Japanese stocks were strong on (Friday) even as Dow Jones and Standard & Poor’s continued their losses,” said Shigetoshi Kamada, director of research at Tachibana Securities.<\/p>\n\n\n\n
Shares of Fast Retailing, owner of supermarket chain Uniqlo, rose 2.53 percent and provided the biggest boost to the Nikkei index. SoftBank Group rose 3.5 percent, while Tokyo Electron, a producer of chip-making equipment, added 1.27 percent.<\/p>\n\n\n\n
Seiko Epson rose 8.78 percent and was the biggest gainer on the Nikkei index, after the watchmaker announced a buyback of up to 9.35 percent of its shares.<\/p>\n\n\n\n
Tokyo Gas fell 2.75 percent, the biggest loser on the index.<\/p>\n","protected":false},"excerpt":{"rendered":"
Japanese shares closed higher on Friday, recovering from a nearly 2 percent drop in the previous session, as investors snapped up falling stocks on hopes of corporate earnings growth. The Nikkei index ended trading up 1.27 percent at 2,6739.03, and recorded a weekly gain of 1.18 percent. The broader Topix index rose 0.93 percent to …<\/p>\n","protected":false},"author":9,"featured_media":33466,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,39,36],"tags":[6939,6851],"class_list":["post-65758","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-global-stock-markets","category-market-updates","tag-japan","tag-stocks"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/65758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=65758"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/65758\/revisions"}],"predecessor-version":[{"id":65759,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/65758\/revisions\/65759"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/33466"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=65758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=65758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=65758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}