Monday, 4 February 2019 10:15 WIB |
MARKET UPDATE |Nikkei 225Saham Jepang
Japan™s Nikkei climbed on Monday morning, led by financial stocks buoyed by solid economic data from the United States, though dismal earnings reports from Sony and Honda Motor capped gains.
The Nikkei share average rose 0.5 percent to 20,897.85 at the midday break.
Financial companies, which hunt for rising yields, outperformed after U.S. yields advanced on a U.S. Labor Department report showing nonfarm payrolls beating expectations and posting the largest gain since February 2018.
Insurers rallied 1.9 percent and banks added 1.3 percent, with Dai-ichi Life Holdings surging 2.4 percent and Mitsubishi UFJ Financial Group advancing 1.1 percent.
The broader Topix gained 1.1 percent to 1,582.38.