Nikkei up for 4th day, posts biggest gain in 3 weeks on US deal hopes

Reuters

TOKYO, Oct 11 (Reuters) - Japan's Nikkei stock average

climbed 1.5 percent on Friday, posting its biggest one-day gain

in three weeks, as signs of progress towards ending the U.S.

fiscal standoff bolstered investor sentiment and lifted

exporters like Nikon Corp.

The benchmark Nikkei gained 210.03 points to

14,404.74, its highest close since Oct. 1. For the week, it

added 2.7 percent.

The broader Topix advanced 1.6 percent to 1,197.17.

Trading volume was moderate with 2.48 billion shares changing

hands, boosted by the settlement of Nikkei 225 options.

Although questions remained over whether a deal could be

reached in the next week, risk-taking sentiment was helped by

signals that U.S. lawmakers looked ready to end a crisis that

has shuttered much of the government and pushed the country

close to default.

Japanese financial markets will be closed on Monday for a

public holiday.

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