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Nikkei rises 1.44 pct to 8-month high,tiger shoes outlet
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,asics onitsuka tiger shoes, to 924.51.
Trading volume on the main section expanded to 2,397.81 million shares from 1,asics running shoes sale,732.02 million Wednesday.
On the first section advancing issues beat declining ones 1,250 to 302 with 114 other issues remaining unchanged.Tokyo stocks advanced Thursday,asics shoes outlet, 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,Asics Ultimate 81, adding some 300,000 new hires to payrolls across the country.
The figure,asics shoes,文章读取错误java.lang.Array Cheap Asics Ultimate 8, as determined by Automatic Data Processing Inc.,Cheap Asics Mexico 66 Shoes, a private payroll firm, was nearly triple that expected by economists and whilst some investors were marginally skeptical about the data, as the firm's numbers don't always track the official government statistics and because it's difficult isolate seasonal factors in December figures,asics tiger shoes, the news added to hope that Friday's official government report on December's job figures would show positive growth.
"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.
Brokers added however that having had a dearth of trading cues lately,Asics Mexico 66 Baja, some investors are already looking ahead to the key corporate earnings reports due out in the U.S. and Japan and other new trading influences,Asics Mexico 66, whilst tracking how the U.S. data effects yen-dollar rates.
"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."
The dollar rose to a three-month high against the yen Wednesday in New York,文章读取错误java.lang.Ar asics tiger shoes for sal, and hit highs of 83.40 Thursday in Tokyo,asics onitsuka tiger, the highest level since Dec. 23, following news about the U.S. jobs data.
Subsequently,asics shoes Australia, Japanese exporters with a large exposure to U.S. markets were granted relief as a stronger dollar boosts the value of U.S. revenue at Japanese companies when the funds are repatriated, and helped send the Nikkei to its highest closing level since May 13.
The 225-issue Nikkei Stock Average rose 148.99 points, from Wednesday to 10,cheap Mexico 66,529.76,asics gel running shoes, while the broader Topix index of all First Section issues on the Tokyo Stock Exchange advanced 12.82 points, or 1.41 percent, to 924.51.
Toyota Motor climbed 2.6 percent to 3,380 yen and Suzuki Motor jumped 3.5 percent to 2,102 yen. Mazda Motor, meanwhile,Onitsuka Tiger Mexico 66 Lauta, gained 2. 1 percent to 247 yen, following a statement on its website saying that the company sold 239,Asics Mexico 66 outlet,709 vehicles in China last year,asics shoes sale, an increase of 33 percent from 2009,cheap asics shoes, and that sales for December rose 36 percent from a year earlier to 35,Asics Gel Shoes,023 units.
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