Japanese stock market closes up with US employment data – Money Times

Japanese stock market closes up with US employment data – Money Times
Japanese stock market closes up with US employment data – Money Times
The Nikkei index closed up 0.8% to 30,089.25, reaching the 30,000 mark for the first time in more than two weeks (Image: Reuters / Aly Song)

The stock market of Japan closed higher on Monday, as strong data from job US USA improved optimism about recovery in the greater economy the world, leading investors to buy the heavyweights of the SoftBank Group and Fast Retailing index along with chip-related stocks.

The Nikkei index closed up 0.8% at 30,089.25, reaching the 30,000 mark for the first time in more than two weeks.

O US Department of Labor reported on Friday that 916 thousand jobs were created last month, the biggest gain since last August and well above the expectations of economists of 647 thousand.

“Investors reacted very positively to the strong data for employment in the United States,” said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities.

Fast Retailing, operator of clothing store brand Uniqlo, gained 2.35%, with start-up investor SoftBank Group up 2.1%.

Chips-related stocks rose, with Advantest up 1.9%, Tokyo Electron gaining 0.36%, and Shin-Etsu Chemical advancing 0.16%.

In Tokyo, the Nikkei index advanced 0.79% to 30,089 points.

In Hong Kong, the HANG SENG index remained closed.

In Shanghai, the SSEC index had no operations.

The CSI300 index, which includes the largest companies listed in Shanghai and Shenzhen, has not opened.

In Seoul, the KOSPI index appreciated by 0.26%, to 3,120 points.

In Taiwan, the TAIEX index was closed.

In Singapore, the STRAITS TIMES index appreciated 0.88%, to 3,209 points.

In Sydney, the S & P / ASX 200 index had no operations.

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