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Nikkei closes higher with support from financial firms

JAPAN (OBSERVATORY) –┬áJapan’s Nikkei average rose at closing on Friday, as investor sentiment was buoyed by comments by US President Donald Trump that a military strike in Syria may not be imminent and financial stocks rose on support from rising bond yields America.

The Nikkei <.N225> was up 0.6 percent at 21,778.74. The index rose 1 percent in the week to gain for a third week in a row.

Trump said in a tweet on Thursday that a possible attack on Syria could be “very soon and may not be”, easing fears of a confrontation with Russia.

Financial stocks were outperforming on the back of rising US bond yields.

Shares of Mitsubishi UFJ Financial Group rose 2.5 percent and T & D Holdings Insurance 2 percent.

Shares of electronics and chip makers also rose, with TDK Corp. up 3.3 percent, Advantest Corp up 2.1 percent and Cable Electronics up 3.7 percent.

The broader TOPIX index <.TOPX> was up 0.6 percent at 1,729.36.