TOKYO, Oct 11: Many Asian share markets rebounded mildly on Friday inspired by Wall Street’s gains but rises were curbed with investors remaining gloomy over the outlook for stocks.

Early gains inspired by Wall Street’s gains faded during the day as investors elected for caution ahead of the weekend and with important US economic data due later Friday.

The gains followed a powerful rally on Wall Street from depressed levels on Thursday, when the Dow Jones industrial average surged 3.4 per cent and the technology-heavy Nasdaq jumped 4.4 per cent.

Share prices in Tokyo closed 1.1 per cent higher Friday but gains were limited by underlying concerns over government policy towards the banking sector, dealers said.

The Nikkei-225 index at the Tokyo Stock Exchange closed up 89.99 points at 8,529.61, while the Topix index of all first section issues ended up 12.82 points at 848.43. The Nikkei closed at its lowest level since April 1983 on Thursday.

The market encountered strong resistance due to continued uncertainty about the anti-deflation measures currently under consideration by the government.—Reuters