Japanese stocks rose as investors weighed a strengthening yen against a potential delay in any U.S. interest-rate increase.
The Topix index climbed 0.3 percent to 1,612.07 as of 9:01 a.m. in Tokyo, after gaining 1.2 percent last week. The Nikkei 225 Stock Average advanced 0.1 percent to 19,748.08. The yen traded at 119.35 per dollar after last week strengthening by the most in a month as weaker-than-expected U.S. economic data, including a consumer confidence report on Friday, pushed the greenback lower.
A government report today showed Japanese machine orders rose 2.6 percent in March from a year earlier, beating estimates by economists for a decline of 6 percent.
E-mini futures on the Standard & Poor’s 500 Index slipped 0.1 percent after the underlying U.S. measure gained 0.1 percent to close at a record on Friday in New York.