Japanese Market Sharply Higher

(RTTNews) - The Japanese stock market is trading sharply higher on Friday, snapping a losing streak of five sessions, with the benchmark Nikkei 225 below the 26,700 level at a 14-month low, despite the negative cues overnight from Wall Street, as traders picked up stocks at a bargain following the recent sell-off. Meanwhile, trades also remain concerned about the sharp spike in domestic new coronavirus infections, with daily new COVID-19 cases in Japan surging to a new record of 78,929 cases on Thursday, topping the 70,000 mark for the second day in a row to push hospitals and clinics to the breaking point. The daily new cases also hit record highs each day since last week. The benchmark Nikkei 225 Index is gaining 508.27 points or 1.