TOKYO: Japan’s Nikkei share average rose in early trade on Monday, supported by Wall Street’s gains on Friday and a weaker yen after a stronger-than-expected US jobs report suggested the world’s largest economy remained resilient.
The Nikkei had gained 2% to 39,417.6 by 0013 GMT in a widespread rally, while the broader Topix was up 1.5%.
US job gains increased by the most in six months in September and the unemployment rate fell to 4.1%, data showed on Friday, boosting global investor sentiment.
Japan’s Nikkei rises as tech shares gain
The Dow posted a record closing high on Friday and the Nasdaq ended with a more than 1% gain.
In Japan, shares of exporters got a boost from the weaker yen, after the US dollar jumped following the jobs data and pushed the Japanese currency to its lowest since mid-August on Monday.
Source: Brecorder
