Japanese stocks rose, rebounding from a one-month low, after U.S. equities advanced ahead of a monthly employment report.
The Topix index climbed 0.2 percent to 1,577.60 as of 9:02 a.m. in Tokyo, headed for a loss of 0.5 percent in a shortened week due to holidays. Two stocks rose for each that fell. The Nikkei 225 Stock Average added 0.2 percent to 19,331.63. The yen traded at 119.73 per dollar after weakening Thursday for the first time in four days.
A report Friday in Washington will show U.S. employers probably added 228,000 workers to nonfarm payrolls in April, according to economists surveyed by Bloomberg. Investors are waiting to see if last month’s reading of 126,000 was a temporary bout of weakness or the signs of a longer, negative trend.
Source : Bloomberg