Skip to content
Subscriber Only

Japan Stocks Rise First Time in Seven Sessions on Earnings, Yen

  • Topix short-selling ratio had risen to 41 percent on Friday
  • Japan's PE ratio remains low compared to U.S., Europe
Updated on

Japanese shares rose for the first time in seven sessions as investors cheered earnings from Sojitz Corp. and Mitsubishi Heavy Industries Ltd. while exporters gained after the yen fell.

The Topix index climbed 0.6 percent to 1,306.66 at the close in Tokyo, with more than twice the number of shares advancing as declining. The Nikkei 225 Stock Average added 0.7 percent to 16,216.03. The yen slipped 0.4 percent to trade at 107.52 per dollar after rising 0.1 percent on Friday. The S&P 500 Index added 0.3 percent after U.S. jobs data showed American employers added fewer workers than economists estimated in April, bolstering speculation a rate increase will be gradual.