Japanese shares bounced back on Friday for the first rise in three days as market sentiment was bolstered by the yen’s decline and overnight gains on Wall Street.

The benchmark Nikkei 225 Stock Average gained 416.49 points, or 2.88 per cent, to end at 14,865.67 after falling 2.15 per cent on Thursday.

The broader-based Topix index was up 27.75 points, or 2.32 per cent, at 1222.31.

For the week, the Nikkei rose 3.86 per cent and the Topix was up 3.25 per cent.

On currency markets at 3 pm (0600 GMT), the dollar traded at ¥102.53-54, up from Thursday’s 5 pm quote of ¥101.81-82 yen.

The euro was quoted at ¥140.61-63, up from ¥139.62-64 late Thursday, and at $1.3713-3716, almost flat from $1.3712-3715.

A weaker yen makes Japanese goods more competitive overseas and improves repatriated revenues.

social-fb COMMENT NOW