Japanese shares closed higher on Monday after US jobs data eased fears of an early Federal Reserve policy easing, but strong profit-taking capped gains amid caution ahead of US inflation data this week.<\/p>\n\n\n\n
The Nikkei index rose 0.27% to 29,019.24 points, after it rose 1% earlier in the session, approaching a four-week high.<\/p>\n\n\n\n
The broader Topix index also reversed the trend, closing 0.08% higher to 1960.85 points.<\/p>\n\n\n\n
Friday’s data showed that the US economy added 559,000 jobs in the non-farm sectors in May, less than economists’ expectations for a 650,000 job increase, dampening expectations of an early cut in asset purchases by the Federal Reserve.<\/p>\n\n\n\n
The Nasdaq’s gains on Friday were boosted by Japan’s technology shares, with electronics parts maker Ibiden rising 3.51% and TDK Corp adding 2.34%.<\/p>\n\n\n\n
Shipping companies benefited from the high sentiment globally and rose 2.55% to a 10-year peak, with Nippon Yusen up 2.37%, Kawasaki Kisen advancing 5.51%, and Mitsui O.S.K. Lines gaining 2.26%.<\/p>\n\n\n\n
But profit-taking plunged steel companies, which posted strong gains since the beginning of the year, thanks to signs of a global recovery.<\/p>\n\n\n\n
The steel producers sub-index lost 4.71%, Nippon Steel lost 5.74%, JFE Holdings fell 7.2% and Kobe Steel fell 5.2%.<\/p>\n","protected":false},"excerpt":{"rendered":"
Japanese shares closed higher on Monday after US jobs data eased fears of an early Federal Reserve policy easing, but strong profit-taking capped gains amid caution ahead of US inflation data this week. The Nikkei index rose 0.27% to 29,019.24 points, after it rose 1% earlier in the session, approaching a four-week high. The broader …<\/p>\n","protected":false},"author":9,"featured_media":40115,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[6939,6971],"class_list":["post-46629","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-japan","tag-nikkei"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/46629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=46629"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/46629\/revisions"}],"predecessor-version":[{"id":46630,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/46629\/revisions\/46630"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/40115"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=46629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=46629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=46629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}