TOKYO : Japanese stocks rose on Friday, with the benchmark Nikkei index closing at a three-decade high, after U.S. lawmakers voted to raise the debt limit and on signs central bankers are in no hurry to tighten the monetary policy.SoftBank Group Corp rose 4.3 per cent amid speculation its chip unit will b
TOKYO : Japanese stocks rose on Friday, with the benchmark Nikkei index closing at a three-decade high, after U.S. lawmakers voted to raise the debt limit and on signs central bankers are in no hurry to tighten the monetary policy.
The Nikkei index advanced 1.21 per cent to 31,384.93, the highest close since July 1990. The broader Topix rose 1.55 per cent to 2,182.70. The U.S. Senate passed bipartisan legislation backed by President Joe Biden that lifts the government's $31.4 trillion debt ceiling, averting what would have been a first-ever default.
The Nikkei climbed 2 per cent over the past five sessions, clocking in an eighth straight weekly advance. Among its members, 202 stocks rose in value on Friday versus just 16 that fell.
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