Nikkei rises for third straight session, boosted by weaker yen

Japan’s Nikkei index closed higher on Friday, as investors flocked to technology stocks after the White House softened its trade stance with China and amid a weakening yen following talks between Tokyo and Washington.

The Nikkei rose for a third straight session, closing up 1.9% at 37,705.74. The index recovered nearly all of its losses since US President Donald Trump announced the tariffs on April 2. The index rose 0.89% for the week.

The broader Topix index rose 1.37% to 2,628.03, also posting a weekly gain of 1.3%, according to Reuters.

“With Trump softening his rhetoric on his tariff plans, investors have begun to look at other factors such as corporate earnings and the outlook for the chip sector,” said Yusuke Sakai of T&D Asset Management.