Japanese stocks rose
after the yen fell against the dollar as a surge in U.S. payrolls fueled
bets the Federal Reserve will raise interest rates sooner.
Funai Electric Co.,
which gets two-thirds of its revenue from the U.S., jumped 3.3 percent.
Nippon Telegraph & Telephone Corp. jumped 4.5 percent and is headed
for the highest close since 2001 after reporting better-than-expected
earnings. Dai-ichi Life Insurance Co. rose 2.7 percent after Bloomberg
News reported the insurer is seeking closer ties with Resona Holdings
Inc. to boost sales. Olympus Corp. lost 2.8 percent after reporting net
income that missed estimates and saying a U.S. probe into its medical
business could hurt earnings.
The Topix advanced 0.3
percent to 1,420.67 at the break in Tokyo, with more than two stocks
rising for each that fell. The Nikkei 225 Stock Average added 0.2
percent to 17,681.53. The yen gained 0.3 percent to 118.75 per dollar
after falling 1.3 percent on Friday following a report showing U.S.
employers added workers and boosted wages more than expected. Treasury
yields rose as investors reaffirmed expectations of an interest-rate
hike later this year. U.S. stocks fell after the report.
Source : Bloomberg
0 komentar :
Post a Comment