Japanese Stocks Gain for Third Week as Investors Weigh Earnings
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Japanese stocks rose, with the Topix index gaining for a third straight week, after oil rebounded and as investors weighed domestic earnings and awaited a monthly U.S. jobs report.
Nisshin Steel Co. jumped 19 percent, the most on the Nikkei 225 Stock Average, after raising its profit outlook. Fuel refiner and oil explorer JX Holdings surged 4 percent. Camera maker Nikon Corp. tumbled 5.5 percent after cutting its net-income forecast. Suzuki Motor Corp. sank 5.8 percent after lowering its profit target by 8.7 percent.