Tokyo stocks edge up

Tokyo stocks close higher on US jobs data

Monitoring Desk

TOKYO: Tokyo stocks closed higher on Friday, extending rallies on Wall Street following a solid rebound in US employment, but investors remained cautious after a fresh surge in coronavirus cases in the Japanese capital.

The benchmark Nikkei 225 index rose 0.72 percent, or 160.52 points, to 22,306.48. It lost 0.91 percent over the week.

The broader Topix index was up 0.62 percent, or 9.57 points, to 1,552.33, but declined 1.59 percent from a week before.

“Japanese shares are being supported by rallies in US stocks” after better-than-expected jobs data in the world’s biggest economy, said Toshiyuki Kanayama, senior market analyst at Monex.

The US economy regained 4.8 million jobs in June as businesses began to reopen nationwide, while the unemployment rate fell more than two points to 11.1 percent, the Labor Department reported. (AFP/APP)

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