Japan Stocks Rise Second Day Following China Rate Cut, U.S. Jobs

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Japanese stocks rose for a second day after China’s central bank cut interest rates for the third time in six months and following a rebound in U.S. hiring.

Toshiba Corp. is set to plunge after the company on Friday withdrew its earnings forecast for last year and said it won’t pay a year-end dividend after finding improper accounting on infrastructure projects.

The Topix index climbed 1.2 percent to 1,607.41 as of 9:01 a.m. in Tokyo, with all of its 33 industry groups rising. The Nikkei 225 Stock Average added 1.2 percent to 19,618.72.

Source : Bloomberg