Japan's Nikkei posts biggest point gain for fiscal year

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Barley Risotto and Kimchi: A Culinary Crossroads| SaltWire #food #cookingshorts #kimchiTOKYO - Japan's Nikkei share average ended higher on Friday, driven by chip-related heavyweights, and posted a record fiscal-year gain in terms of points amid heavy foreign buying.

The index rallied 12,328 points in the fiscal year ending on Friday, marking its biggest gain on an absolute basis. It rose 44% in the year, the most since the financial year ended March 2021."Investors remain cautious over a possible intervention in the currency market but overall they take the weak yen as a positive factor for domestic stocks," said Fumio Matsumoto, chief strategist at Okasan Securities.

 

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