⌛ Did you miss ProPicks’ 13% gains in May? Subscribe now & catch June’s top AI-picked stocks early.Unlock Stocks

Japanese shares edge higher before U.S. non-farm payrolls

Published 06/12/2019, 03:17
Updated 06/12/2019, 03:19
© Reuters.  Japanese shares edge higher before U.S. non-farm payrolls
TOPX
-
1332
-
4507
-
4523
-
5406
-
5411
-
4751
-

By Stanley White

TOKYO, Dec 6 (Reuters) - Japanese shares rose on Friday, a

day after its government approved a 26 trillion yen stimulus

package to support growth and shield the economy from risks

posed by a slowdown overseas.

At 0151 GMT the Nikkei index rose 0.32% to 23,375.02, led by

gains in the industrial sector and the financial sector. The

index was on course for its second week of gains.

The stock market was also buoyed by data expected to show

U.S. job creation accelerated last month, which would ease

concern about the health of the world's largest economy.

There were 159 advancers on the Nikkei index against 57 on

Friday.

The largest percentage gainers in the index were

pharmaceutical company Eisai Co Ltd 4523.T up 4.41%, followed

by steel makers JFE Holdings Inc 5411.T gaining 2.7% and Kobe

Steel Ltd 5406.T up by 2.21%.

The largest percentage losses in the index were prescription

drug maker Shionogi & Co Ltd 4507.T , down 1.36%, followed by

online media company CyberAgent Inc 4751.T , which lost 1.29%,

and marine products firm Nippon Suisan Kaisha Ltd 1332.T ,

which was down by 1.27%.

The U.S. non-farm payrolls report is forecast to show

180,000 new jobs were created in November, more than the 128,000

jobs created in the previous month.

A positive reading on the labour market would ease concern

about the impact of a bruising trade war between the United

States and China.

The Topix index .TOPX rose 0.1% on Monday to 1,713.07.

The volume of shares traded on the Tokyo Stock Exchange's

main board .TOPX was 0.2 billion, compared to the average of

1.26 billion in the past 30 days.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.