TOKYO (Reuters) - Japan's Nikkei posted its biggest weekly gain in 6-1/2 years after a fifth straight winning session on Friday, lifted by Wall Street's record run and a sagging yen, while newly-listed Line Corp ended 32 percent above its IPO price.
Index-heavy Fast Retailing Co soared 18 percent to its daily limit of 32,660 yen, and contributed a hefty 197 points to the Nikkei benchmark after the 'Uniqlo' clothing operator reported strong March-May results.
The Nikkei share average rose 0.7 percent to 16,497.85, its highest closing level since June 10. Helped by fiscal and monetary stimulus hopes, receding Brexit worries and a sliding yen, the benchmark index gained 9.2 percent for the week, the biggest weekly gain since December 2009.
In their closely watched Tokyo debut, Line shares opened at 4,900 yen ($46.17), 48 percent above their IPO price of 3,300 yen and rose to as high as 5,000 yen after the Japanese messaging app firm raised 115 billion yen from a dual New York-Tokyo listing. It closed at 4,345 yen.
Buoyed by the ongoing popularity of Pokemon GO, Nintendo Co soared 9.8 percent, with its trading volume hitting a record high for an individual stock on the Tokyo Stock Exchange.
The head of Niantic, the developer behind Pokemon GO, said he wanted to launch the smash-hit mobile game in about 200 markets soon.
An attack in Nice, France, that killed at least 75 people late on Thursday was taken in stride.
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The broader Topix gained 0.5 percent to 1,317.10, with turnover hitting a three-week high of 3.1 trillion yen.
The JPX-Nikkei Index 400 added 0.4 percent to 11,830.47.
(Reporting by Ayai Tomisawa and Shinichi Saoshiro; Editing by Shri Navaratnam)