Japanese stocks continued their gains during trading on Friday, as the Nikkei index closed with the largest weekly gains in a month and a half, supported by profits from major companies that followed Wall Street's gains yesterday after the Federal Reserve's decision to cut interest rates.
In terms of trading, the Nikkei 225 index rose by 0.3%, or 118.96 points, to reach 39,500.37 points, achieving weekly gains of 1,446.55 points, marking the largest gain since the last week of September. Meanwhile, the broader Topix index closed slightly down by 0.03% at 2,742.15 points.
This came after shares of the Japanese investment group SoftBank rose by 2.9%, and other technology stocks followed their American counterparts, driving the Nikkei index to achieve profits.
Conversely, shares of electronics components maker Taiyo Yuden fell by 14.8%, and shares of cosmetics company Shiseido dropped by 6.9%, while Ajinomoto shares gained about 8.6%.
Additionally, Nissan Motor's shares dropped roughly 10% after announcing it would cut 9,000 jobs and reduce its global manufacturing capacity by 20%. The company's shares fell by 6.3%, along with declines in shares of Toyota and Honda by 2.4% and 2.7%, respectively.