Nikkei up nearly 3 pct, books best week in year

TOKYO, Nov 5 (BestGrowthStock) – Japan’s Nikkei average jumped 2.9
percent on Friday and booked its best week in a year, after the
Federal Reserve’s plans to buy more Treasuries prompted investors
to seek risk elsewhere, prompting rallies in global stocks and
commodities.

Short-covering of futures by foreign investors and advances
for resource shares were behind the gains, analysts said. The
Nikkei (.N225: ) rose 4.6 percent on the week.

The benchmark Nikkei (.N225: ) gained 267.21 points to
9,625.99, its highest close since Oct. 7.

The broader Topix (.TOPX: ) added 2.3 percent to 834.98.
(Reporting by Aiko Hayashi; Editing by Edwina Gibbs)

Nikkei up nearly 3 pct, books best week in year