Japanese Market Modestly Higher
TOKYO (dpa-AFX) - The Japanese stock market is modestly higher on Friday, snapping four straight sessions of losses, with the benchmark Nikkei 225 above the 28,800 level, following the broadly positive cues overnight from Wall Street. Traders are upbeat following the prospects of a strong global economic recovery after data showed improvement in manufacturing and jobless claims in the US.
However, the signs of a resurgence in the spread of the highly infectious Delta variant of COVID-19 and the news of another impending State of Emergency in Tokyo and other major areas are capping the gains.
The benchmark Nikkei 225 Index is gaining 96.65 points or 0.34 percent to 28,803.69, after touching a high of 28,849.32 earlier. Japanese shares closed modestly lower on Thursday.
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