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cpeduk725rgr
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Tokyo stocks gained substantial ground Thursday with the key Nikkei index up 1.44 percent to a nearly eight-month closing high.The benchmark Nikkei 225 Average jumped 148.99 points to 10,529. 76, hitting a fresh closing high since May 13. The broader Topix index was up 12.82 points, or 1.41 percent,
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Trading volume on the main section expanded to 2,397.81 million shares from 1,
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On the first section advancing issues beat declining ones 1,250 to 302 with 114 other issues remaining unchanged.Tokyo stocks advanced Thursday,
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, with the key Nikkei stock index climbing 1.44 percent to close at an almost eight-month high, as better-than-expected U.S. jobs data sent the dollar higher against the yen and reinforced investor sentiment that the economic recovery in the U.S. is on track.
Analysts said that investor confidence, already high on recent U.S. macroeconomic data, got a further boost Thursday from a payroll firm showing that U.S. companies went on a hiring spree in December,
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"The ADP report was far better than expected and is having a big impact on the market. It triggered weakening of the yen and buying of Tokyo stocks by foreign investors," said one local market analysts.
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"Markets will now wait for U.S. payrolls on Friday for confirmation of the strong trend. But investors will then focus more on how the U.S. data will impact the dollar/yen rate," said Hiroaki Osakabe, a fund manager at Chibagin Asset Management.
"Investors have already taken in stride positive news from the U.S. and will now look for new trading factors. After Friday they will immediately shift their focus to the performance of U.S. companies as the earnings season starts next week."
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The 225-issue Nikkei Stock Average rose 148.99 points, from Wednesday to 10,
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Toyota Motor climbed 2.6 percent to 3,380 yen and Suzuki Motor jumped 3.5 percent to 2,102 yen. Mazda Motor, meanwhile,
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