JAPAN (OBSERVATORY) – Japan’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.