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Tokyo-listed stocks were rebounding on Friday afternoon as the yen pulled back from a four-month high that followed news of a US missile strike on a Syrian air base.

The Topix index was up 1 per cent in the afternoon session, having climbed as much as 1.2 per cent in early trade before reversing course to be as much as 0.1 per cent lower following reports of the strike.

Stocks, particularly exporters, were broadly benefiting from a retreat by the yen, which strengthened to ¥110.13 per dollar after the attack was announced.

Energy companies were far and away the biggest gainers with a rise of 3.1 per cent, helped by a jump in the price of oil. The real estate and consumer staples segments were tied for a distant second, each with around gains of 1.6 per cent.

Copyright The Financial Times Limited 2017. All rights reserved.
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