Tokyo: Nikkei climbs to fresh 6-month high as rising yields help financial sector

[TOKYO] Japan's Nikkei share average rose on Friday to a fresh six-month hjigh as rising global bond yields helped financials, reflecting hopes of stepped up investments by financial institutions in overseas bonds amid Japan's low bond yield environment.

The Nikkei gained 0.6 per cent to end at 17,446.41, the highest closing level since April 22. For the week, the benchmark index gained 1.5 per cent.

The broader Topix gained 0.8 per cent to 1,392.41 and the JPX-Nikkei Index 400 rose 0.7 per cent to 12,478.58.

REUTERS