Nikkei, Topix & Co – Asian stock markets join global recovery

Tokyo Asian stock exchanges extended their global gains on Friday, thanks to strong results from regional technology companies and US retailers. “Although Wall Street’s five-day gain of 4% and above suggests a crash is pending, one should realize that this is just a dilution of earnings,” Mizuho Bank analysts said. However, the recovery in the equity markets did not spread to other investment markets, as returns remained largely stable.

The Nikkei index, which includes 225 values, rose 0.7 percent at 26,785 points. The broader Topix index rose 0.4 percent to 1,885 points.

The Shanghai Stock Exchange rose 0.7 percent. The index of major companies in Shanghai and Shenzhen rose 1.1 percent.