Japan's Nikkei Ends With Weekly Gain Of 7%, Asian investors enjoyed a strong risk-rally on Friday with both Japanese and Australian equities extending their bull run after the yen weakened through the key 100-mark against the U.S. dollar for the first time in four years.
The Nikkei 225 index jumped as much as 3 percent to trade at its highest levels since January 2008 and a rally in resources led Australian stocks to close at fresh five-year highs. The Shanghai Composite gained 0.6 percent.
Seoul's Kospi was the only laggard, slumping over 1 percent as the yen's slide weighed on domestic exporters.
Read More:cnbc
The Nikkei 225 index jumped as much as 3 percent to trade at its highest levels since January 2008 and a rally in resources led Australian stocks to close at fresh five-year highs. The Shanghai Composite gained 0.6 percent.
Seoul's Kospi was the only laggard, slumping over 1 percent as the yen's slide weighed on domestic exporters.
Read More:cnbc
