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xiaoying123

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Registered: 10.02.2018
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TOKYO Melker Karlsson Womens Jersey , Feb. 7 (Xinhua) -- Tokyo stocks rebounded strongly Friday, with the benchmark Nikkei stock index closing up 2.17 percent as market sentiment turned positive on hopes for a recovery in the U.S. economy as investors keenly eyed jobs data due out later in the day.


Local traders said that Wall Street closing higher overnight buoyed buying sentiment here, helping stocks to recover some of the ground they lost earlier in the week following a string of closing lows.


They added that the U.S. dollar appreciating to the 102 yen level versus the Japanese yen following weekly jobs data showing jobless claims had fallen in the U.S., was also cheered by market players here.


The U.S. Labor department announced that applications for unemployment benefits fell for the first time in three weeks by 20, 000 to 331 Kevin Labanc Womens Jersey ,000, less than median economists' expectations.


Market players here said that the drop in new jobless claims is a positive signal for them ahead of Friday's jobs report, with employers expected to add around 189,000 jobs in January, far more than the 74 Justin Braun Womens Jersey ,000 added in December, in a sign the U.S. economy is on a positive recovery path.


Tatsunori Kawai, chief strategist at kabu said that the jobless data out of the U.S. was a good indication that the recovery in the world's largest economy may still be on track. He added that Japanese shares are still reasonably priced for now.


But he warned that U.S. non-farm payrolls data due out later today coming in lower than expected could spark another selloff.


Other analysts said the yen's drop against the U.S. dollar was a big catalysts for buying, but investors opted not to chase the market higher ahead of the jobs data and hit the sidelines in later trade.


Yutaka Miura, a senior technical analyst at Mizuho Securities Co. said that the market here was lifted by U.S. stocks' overnight gains and the dollar's rise. He said that after a first round of buying here Chris Tierney Womens Jersey , trading became range-bound ahead of the keenly awaited jobs report.


The 225-issue Nikkei Stock Average added 307.29 points from Thursday's level to close at 14,462.41, while the broader Topix index of all First Section issues on the Tokyo Stock Exchange gained 26.77 points, or 2.3 percent, to finish at 1 Tomas Hertl Womens Jersey ,189.14.


With the yen falling against the U.S. dollar export-related issues found traction as a weaker yen boosts firms' competitiveness in overseas markets and ensures profit yields are augmented when repatriated.


Among Japan's automakers, Honda accelerated 2.9 percent to 3, 680 yen, while Nissan Motor added 2.2 percent to 884 yen. Suzuki Motor gained 2.1 percent to 2,623 yen after raising its net profit outlook for the current fiscal year to a record 105 billion yen Martin Jones Womens Jersey , with the firm citing solid sales and a favorable yen.


Sony jumped 4.1 percent to 1,691 yen after announcing a day earlier it will restructure its business and sell its flagging Vaio laptop business to investment fund Japan Industrial Partners, and cut 5,000 jobs, as well as make its TV business a subsidiary of the firm.


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