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Tokyo stocks close higher on solid U.S. jobs data, weaker yen
Source: Xinhua   2018-06-04 17:10:16

TOKYO, June 4 (Xinhua) -- Tokyo stocks closed higher Monday as the market mood was brightened by U.S. non-farm payroll data released late last week coming in above median market expectations, with a weaker yen giving exports a boost.

The 225-issue Nikkei Stock Average gained 304.59 points, or 1.37 percent, from Friday to close the day at 22,475.94.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 25.52 points, or 1.46 percent, to finish at 1,774.69.

Investors took cues from U.S. shares advancing at the end of last week, following data released Friday showing that U.S. non-farm payroll data came it better than expected and May's unemployment rate declined, market analysts here said.

While a weaker yen versus the U.S. dollar gave exporters here a boost on raised profit outlooks and income from repatriated funds, concerns remained however about U.S. unilateral trade policy and limited the market's upside, local brokers said.

By the close of play, transportation equipment, marine transportation and bank-oriented issues comprised those that gained the most, and rising stocks beat falling ones by 1,737 to 309 on the First Section, while 38 ended the day unchanged.

The turnover on the first trading day of the week came to 2,453.5 billion yen (22.37 billion U.S. dollars).

Editor: Yamei
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Xinhuanet

Tokyo stocks close higher on solid U.S. jobs data, weaker yen

Source: Xinhua 2018-06-04 17:10:16
[Editor: huaxia]

TOKYO, June 4 (Xinhua) -- Tokyo stocks closed higher Monday as the market mood was brightened by U.S. non-farm payroll data released late last week coming in above median market expectations, with a weaker yen giving exports a boost.

The 225-issue Nikkei Stock Average gained 304.59 points, or 1.37 percent, from Friday to close the day at 22,475.94.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 25.52 points, or 1.46 percent, to finish at 1,774.69.

Investors took cues from U.S. shares advancing at the end of last week, following data released Friday showing that U.S. non-farm payroll data came it better than expected and May's unemployment rate declined, market analysts here said.

While a weaker yen versus the U.S. dollar gave exporters here a boost on raised profit outlooks and income from repatriated funds, concerns remained however about U.S. unilateral trade policy and limited the market's upside, local brokers said.

By the close of play, transportation equipment, marine transportation and bank-oriented issues comprised those that gained the most, and rising stocks beat falling ones by 1,737 to 309 on the First Section, while 38 ended the day unchanged.

The turnover on the first trading day of the week came to 2,453.5 billion yen (22.37 billion U.S. dollars).

[Editor: huaxia]
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