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The Economic Times
The Economic Times
Business
Anupam Nagar

Global Market: Japan’s Nikkei extends weekly gains as softer US inflation boosts risk appetite

United States Japan Inflation Oil

Japan’s Nikkei share average rose on Friday, extending its weekly advance as softer-than-expected US producer prices eased concerns over an imminent Federal Reserve rate hike and supported broader risk appetite, Reuters reported.

The benchmark Nikkei 225 gained 0.85% to 68,889.01 by the midday break and was on track for a weekly gain of around 5%. The broader Topix rose 0.69% to 4,204.99, putting it on course for a record closing high.

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