Japanese stocks gain, strained South Korea ties lift defence sector
TOKYO: Japanese stocks rose on Friday, drawing support from a weaker yen, firmer Chinese and US markets, and a jump in domestic defence shares as ties with South Korea sour further.
The Nikkei share average ended the day 0.4 per cent higher at 20,710.91 points. It was up 1.4 per cent for the week.
The dollar edged higher versus the yen on Friday on expectations a pivotal speech by Federal Reserve Chairman Jerome Powell later in the day will reinforce that the US central bank has not entered into an extended rate cutting cycle.