Japan's Topix hits 8-month high as inflation data lifts banks




Japan's Topix index climbed to an eight-month high on Friday, as financials gained following stronger-than-expected inflation data, which fuelled expectations for interest rate hikes by the Bank of Japan.

The broader Topix rose to a high of 2,817.58, its highest since July 24, and closed the morning session at 2,814.15, up 0.65% from the previous session. The index is on track to rise for the seventh consecutive session.

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