TOKYO: Japan stocks rose after U.S. shares climbed to records as companies including Dentsu Inc., Dai Nippon Printing Co. and Marui Group Co. said they’ll buy back shares.
Dentsu surged 14 percent, Dai Nippon Printing gained 2.4 percent and Marui added 5.2 percent. Mitsubishi UFJ Financial Group Inc. gained 3.3 percent after a report the country’s biggest lender will buy back shares. Nikon Corp. tumbled 11 percent after slashing its operating-profit target, while Sharp Corp. dropped 7 percent after saying it would cut 10 percent of its global workforce.
The Topix added 1 percent to 1,607.11 at the close of trading in Tokyo, up 1.2 percent this week. Volume on the measure today was about 11 percent above the 30-day average, with about twice the number of shares rising as falling. The Nikkei 225 Stock Average climbed 0.8 percent to 19,732.92. The Standard & Poor’s 500 Index closed at an all-time high Thursday as a weaker dollar boosted multinational companies.
