Tokyo:Japan’s Nikkei share average is on track to achieve its strongest weekly performance in five months, rebounding from significant losses sustained the previous week.

According to Qatar News Agency, the Nikkei rose 1.25 percent to 61,576.91 points during Friday’s trading, setting it up to end the week with a 7.3 percent increase. This marks its largest weekly gain since the week beginning June 15.

The broader Topix index also experienced growth, advancing 0.63 percent to 3,962.08 points and heading for a weekly gain of approximately 7 percent, its best performance since mid-August 2024.

In Friday’s trading, shares of 138 companies listed on the Nikkei increased, while 82 declined, and five remained largely unchanged. Banking stocks on the Tokyo Stock Exchange rose by 1 percent, following an increase in US Treasury yields amid expectations of further interest rate hikes in the United States.