Japan's Nikkei ended the week near its highest level

28 Sep 2018 02:20 PM

Japanese stocks rose near its 27-year highs, printed the biggest monthly gain since last October, supported by a weaker yen and a stronger U.S. economy, which boosting exporters' earnings.

The Nikkei average hit a high of 24,286.10 points, the highest level since November 1991. The market rose by 1% this week, making it the third consecutive week of gains. In September, the index rose by 5.5% to its biggest monthly gain since last October.

The weakness of the yen, which reached its lowest level against the US dollar in 9 months as well as the strong U.S. economy, helped in boosting exports, as the yen's weakness boosting manufacturers profits made abroad when repatriated.

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