Japan’s Nikkei closes higher as tech shares surge

Japan’s Nikkei share average closed higher on Friday, with technology stocks leading gains as traders tracked the Dow Jones Industrial Average’s record overnight close after strong U.S. economic data.

The Nikkei rose 0.74% to 38,647.75 points at the close, and was flat for the week but down more than 1% on the month.

The broader Topix index rose 0.73% to 2,712.63 and posted a weekly gain of 0.3%, but lost about 3% on the month in its biggest decline since October 2023.