Tokyo Stock Market Closed up 0.30 Percent

photos: brerecorder

Business - Tokyo stocks closed up 0.30 percent in a back and forth trade on Friday as investors awaited key US jobs data to be released today. The benchmark Nikkei 225 index. which was in negative territory at rest, increased 46.66 points to end at 15,708,65, while the Topix index of all first-section shares rose 0.19 percent, or 2.39 points, to 1282.54.

"Overseas investors are not a lot of waiting to do anything in the non-farm payroll data later tonight," said a director of equity trading at a European brokerage firm.

"Because the Japanese exporter began publishing their earnings revisions, scale change their views could have a profound impact in determining the current stock price, when things look currently assessed fully," said a trader Dow Jones Newswires.

A weaker yen recently to encourage companies to improve their profitability ekspeation ahead of earnings season later this month. On Thursday, the Nikkei fell 2.61 percent, dragged the index below the 16,000 level, following a sell-off in global equity markets.

The dollar retreated on Thursday, a day after breaching the limit 110 yen for the first time in more that six years. However, recovered slightly on Friday afternoon be sitting at 108.90 yen against 108.42 yen in New York.

In stock trading, Toyota closed up 0.23 per cent even become 6290.0 yen. Sony fell 0.49 per cent to 1895.0 yen, while Hitachi edged up 0.01 percent to 813.2 yen. Mobile operator Softbank fell 0.73 per cent to 7439.0 after the yen on Thursday said it invested $250 million and established a joint venture with Hollywood movie studios Legendary Entertainment.

Skymark Airlines jumped 8.37 percent to 220 percent to 220 yen, adding to gains of 3.57 percent on Thursday. Its shares rose on reports that Airbus has agreed to significantly reduce the penalty against the airline for the cancellation of the purchase agreement jets worth 2.2 billion dollars. The airline was later confirmed that the company is in talks, but declined to comment further. (Antara).