|Published : 21 Apr 2017, 11:39:39|
Japanese stocks rise
Japanese stocks rose to 1-1/2 week highs on Friday as global investors bet that US tax reforms are getting back on track.
While investors awaited this weekend's first round of voting in France's presidential election this weekend, the Japanese equities market recouped some of the losses posted in the past few weeks.
Investor caution had also heightened amid mounting tensions between North Korea and the United States.
On Friday, the Nikkei 225 share average gained 0.9 per cent to 18,597.25 points by mid-morning, its highest level since April 12.
For the week, it looked set to gain 1.3 per cent and end higher for the first time in six weeks.
The dollar held steady versus the yen at 109.28 yen after rising 0.4 per cent on Thursday, lifting automakers and other exporters.
Toyota Motor Corp added 1.5 per cent, Mazda Motor Corp surged 1.7 per cent, Panasonic Corp advanced 1.6 per cent and TDK Corp added 1.2 per cent.
The broader Topix gained 0.9 per cent to 1,486.02 and the JPX-Nikkei Index 400 advanced 0.9 per cent to 13,301.22, according to Reuters.