Japan Shares Mixed Before US Data

Japanese stocks were mixed at the close Friday, June 4, affected by growth-related stocks, while investors awaited the important US jobs report, which may increase concerns about inflation and talk of reduced purchases by the Federal Reserve.

The Nikkei index closed down 0.40% to 28,941.52 points after two days of gains, while the broader Topix index managed to achieve an increase at the close of 0.03% to record 1959.19 points, which is the fourth consecutive daily gain.

Growth-related stocks fell 0.34%, while value stocks increased 0.37%, as investors sold technology shares and stocks benefiting from home-staying measures, ahead of the US non-farm payrolls data, due later today.

A strong reading could increase bets on a possible cut in the Fed’s stimulus measures and reduce risk appetite.