Nikkei gains for third day on weaker yen, economic reopening hopes

People are reflected on an electric board showing Nikkei index and its graph outside a brokerage at a business district in Tokyo, Japan, June 21, 2021. - Reuters

TOKYO: Japan's Nikkei share average rose for a third straight session on Monday, extending its recovery from a six-week low marked last week, as a sharp decline in the yen boosted exporters while a drop in COVID-19 infections added to economic reopening hopes.

The Nikkei closed 1.60% higher at 28,498.20, gaining more than 1,000 points from Wednesday's six-week low, while the broader Topix rose 1.77% to 1,996.58, marking its second straight winning session.