Tokyo stocks rose moderately on Friday, helped by Wall Street rallies and a cheaper yen against the dollar.
The
benchmark Nikkei 225 index gained 0.50% to
close at 22 851.75, logging a weekly gain of 0.69%.
The broader Topix index was up 0.29% at 1 789.04. It gained 0.43% over the week.
A
record high for the US tech-rich Nasdaq index and a weak yen against
the dollar supported Japanese shares, said Toshikazu Horiuchi, a broker
at IwaiCosmo Securities.
The dollar fetched ¥110.89 in Asian afternoon trade, up from ¥110.58 in New York and ¥109.99 in Tokyo on Thursday.
"Investors
are expected to try 23 000 in Nikkei next week, but concerns over the
US-China trade dispute may weigh on the market," Horiuchi told AFP.
On
Wall Street, the Nasdaq surged to a fresh record Thursday, boosted by
higher media shares, as traders shrugged off trade-war worries amid
signs of accelerating US growth.
Meanwhile, the euro tumbled
against the dollar after the ECB sketched out a longer-than-expected
timeframe for hiking interest rates.
The ECB's timeframe, included
as part of its announcement that it would end stimulus bond-buying this
year, stood out all the more a day after the US Federal Reserve
accelerated its schedule for hiking interest rates.
Investors largely ignored the Bank of Japan's widely expected decision to keep its ultra-loose monetary policy unchanged.
In
Tokyo, SoftBank fell 0.19% to ¥8 324 after reports said it is
mulling an investment of dozens of billions of dollars in a solar-power
project in India.
Oriental Land rallied 2.48% to ¥11 960 after the Tokyo Disney Resort operator announced a plan to expand the park.
Sony was up 1.07% at ¥5 445 while Nintendo was up 1.69% at 37 760.
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