Hong Kong/New Delhi CNN —
Japan’s stock market defied gloomy economic data to rally Friday, lifting broader Asian shares and ending the week on a buoyant note.
Japan’s benchmark Nikkei 225 index closed above 38,000 points for the second day in a row, just a whisker off its historic peak reached in December 1989.
The stock market gains, which followed a rebound on Wall Street, came despite official data showing Thursday that the country slipped into recession in 2023, losing its crown as the world’s third-largest economy.
“The nine-month rally in Japanese stocks has
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