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  • Tokyo stocks closed higher on Friday for a fourth straight day despite rising coronavirus infections in Japan and no fresh leads from Wall Street, which was closed for a holiday. The benchmark Nikkei 225 index was up 0.40 percent or 107.40 points to end at 26,644.71, having jumped 4.37 percent from a week earlier. The broader Topix index advanced 0.47 percent or 8.27 points to 1,786.52. It rose 3.42 percent over the week. Stocks rose in the afternoon session but "the gains were weighed down by profit-taking due to a stronger yen", Okasan Online Securities chief strategist Yoshihiro Ito said in a commentary. The dollar fetched 103.94 yen in Asian trade, against 104.27 yen in London late Thursday. In Tokyo trading, SoftBank Group jumped 2.27 percent to 7,250 yen while Uniqlo casual wear operator Fast Retailing climbed 0.64 percent to 84,130 yen. Steel-related shares were higher with Nippon Steel gaining 0.56 percent to 1,327 yen and JFE Holdings rising 1.42 percent to 998 yen. Japan's biggest airline ANA Holdings dropped 1.74 percent to 2,540 yen as the firm announced it would raise up to 332.1 billion yen ($3.2 billion) through a public share offering. ANA said it plans to allocate 200 billion yen of the total to purchase equipment including two dozen Boeing-787 planes. Real-estate firm Mitsui Fudosan grew 1.88 percent to 2,302 yen after a report said it would make a tender offer of around 100 billion yen for Tokyo Dome Corp, helping the stadium operator push back against Hong Kong-based activist investor Oasis Management Co. nf/kaf/je
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  • Tokyo stocks rise for four straight days
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