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Japanese stocks rise thanks to the weakness of the yen following strong US data

Japanese stocks rise thanks to the weakness of the yen following strong US data

And closed Nikkei indicator It rose 1.8 percent at 39,332.74 points in a broad rising wave, after rising 2.39 percent earlier in the session. The broader Topix index increased 1.7 percent to 2,739.39 points.

Data published on Friday showed that Jobs The non-agricultural sectors in the United States increased in September by the largest amount in six months, and the unemployment rate fell to 4.1 percent, which supported global investor sentiment.

Naka Matsuzawa, chief macroeconomist at Nomura Securities, said the latest jobs report increases the odds Economy A smooth landing, perhaps earlier than expected.

“If that happens, it will definitely be a positive thing,” he continued For Japanese stocks“…which is considered… vulnerable to the global economic recovery.”

And rose Dollar Following the release of jobs data, pushing the yen to its lowest levels since mid-August. The weakness of the yen boosted company stocks Exportincluding shares of the automaker Toyota Motor, which increased 2.3 percent.

Investor morale also rose after the Dow Jones index recorded a record high closing level on Friday, and the Nasdaq index ended trading with an increase of more than one percent.

Shares of financial companies rose on Monday, supported by higher revenues Bonds Japanese government. Resona Holdings shares jumped 8.7 percent, becoming the biggest gainer on the Nikkei index.

Company shares also gained Semiconductors Other major technology stocks performed strongly, such as Advantest, a maker of chip testing equipment, which rose 3.1 percent, and SoftBank Group, which invests in emerging companies focused on artificial intelligence, which rose 2.2 percent.

Among other heavyweights, Fast Retailing, which owns the Uniqlo clothing brand, rose 2.5 percent, giving the Nikkei index the biggest boost.



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