Tokyo Stocks Close Friday Up
The benchmark Nikkei Stock Average — a 225-issue index — gained 342.78 points, or 0.62 percent, closing at 55,620.84, up from Thursday's finish. The broader Topix index also recovered, rising 14.26 points, or 0.39 percent, to settle at 3,716.93.
The session was far from smooth, however. The Nikkei plunged nearly 1.4 percent — shedding more than 750 points at its lowest point during morning trade — after benchmark crude oil futures surged to the low $82-per-barrel range in New York trading on Thursday, the highest level recorded since July 2024, according to analysts. The spike in oil prices stoked investor fears over the economic fallout of sustained regional instability.
Markets reversed course through the afternoon as buyers stepped back in, targeting heavyweight shares that had been dragged down in recent sessions. The wave of buybacks proved sufficient to push both indexes firmly into positive territory by the closing bell.
Analysts noted that while underlying sentiment remains fragile amid the ongoing Middle East conflict, dip-buying appetite among institutional investors appears intact for now.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
