Shares of Japan get the largest increase in 3 weeks

The Japanese Nikkei index reversed course by closing in rally on Friday, led by travel and leisure headlines, as investors took in battered headlines amid concerns about the impact of the mutated Omicron strain of the coronavirus.

The Nikkei was up 1%, the largest percentage increase in three weeks, to close at 28,029.57 points.

The index, which fell as low as 0.59% at the start of the session, recorded a weekly decline of 2.5%.

The broader Topix index rose 1.63% to 1957.86 points, but fell 1.3% weekly.

Shares hit by concerns over the re-emergence of new coronavirus strains have rebounded, with shares of airlines and railways advancing 5.28% and 3.28%, respectively.

Read More About: Business News