Japanese shares closed lower on Tuesday as investors booked profits from recent rallies, while worries about the economic impact from a possible fourth wave of the COVID-19 in the nation hurt sentiment.
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Nikkei ends above 30,000 as US jobs data renew recovery hopes
April 5, 2021 (Mainichi Japan)
This file photo shows the Tokyo Stock Exchange. (Mainichi) TOKYO (Kyodo) The Nikkei stock index rose in thin trading Monday to end above the 30,000 line for the first time in two weeks as stronger-than-expected U.S. jobs data for March renewed hopes for a robust global economic recovery and corporate earnings growth. The 225-issue Nikkei Stock Average ended up 235.25 points, or 0.79 percent, from Friday at 30,089.25, its highest close since March 18. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 11.92 points, or 0.60 percent, higher at 1,983.54.
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TOKYO Japanese shares rose on Monday as strong U.S. jobs data lifted optimism on economic recovery from the pandemic lows, prompting investors to buy index heavyweights SoftBank Group and Fast Retailing as well as chip-related stocks.
The Nikkei share average advanced 0.82% to 30,097.50 by 0157 GMT, while the broader Topix rose 0.5% to 1,981.53.
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The U.S. labor department said on Friday that nonfarm payrolls surged by 916,000 jobs last month, the biggest gain since last August and well above economists’ median forecast of 647,000.