TOKYO: Japan's Nikkei average jumped 2.9 percent on Friday, Nov 5 and booked its best week in a year, after the Federal Reserve's plans to buy more Treasuries prompted investors to seek risk elsewhere, prompting rallies in global stocks and commodities.
Short-covering of futures by foreign investors and advances for resource shares were behind the gains, analysts said. The Nikkei rose 4.6 percent on the week.
The benchmark Nikkei gained 267.21 points to 9,625.99, its highest close since Oct. 7.
The broader Topix added 2.3 percent to 834.98. - Reuters
Short-covering of futures by foreign investors and advances for resource shares were behind the gains, analysts said. The Nikkei rose 4.6 percent on the week.
The benchmark Nikkei gained 267.21 points to 9,625.99, its highest close since Oct. 7.
The broader Topix added 2.3 percent to 834.98. - Reuters
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