Japanese equities rose for a fifth day after trade negotiator Ryosei Akazawa's extension of his US visit spurred hopes for a deal. Sentiment was also supported by the S&P 500 Index, which reached a new record on Friday.
Topix Index climbed 0.4% to close at 2,852.84, just 2.6% below its previous all-time high set in July 2024.
SoftBank Group Corp. contributed the most to the Topix Index gain, increasing 4.3%. Out of 1,681 stocks in the index, 897 rose and 705 fell, while 79 were unchanged.
Nikkei advanced 0.8% to 40,487.39.
The Topix Index rounded out its best quarterly performance since March 2024, despite US tariffs and heightened Middle East tensions temporarily worsening sentiment. Japanese stocks benefited from the global trend of diversification from US assets with foreign investors buying for the 12th straight week.
Source: Bloomberg
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