RPT-Nikkei edges up; yen helps it shrug off US jobs data

Mon Nov 9, 2009 4:57am GMT
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* In thin trade, Nikkei shrugs off weak U.S. jobs data

* China-linked shares climb on data hopes

* Exporters turn positive as yen falls back

By Elaine Lies

TOKYO, Nov 9 (Reuters) - Japan's Nikkei stock average shrugged off weak U.S. jobs data to rise 0.5 percent on Monday, with an advance in the dollar against the yen helping to pull exporters like Honda Motor Co (7267.T: Quote, Profile, Research) out of negative territory.

Investors have started searching for fresh factors as Japan's earnings season winds down and China-linked shares such as Hitachi Construction (6305.T: Quote, Profile, Research) gained on anticipation that Chinese economic indicators due later this week will be good.

But gains were limited by losses in banks such as Sumitomo Mitsui Financial Group (8316.T: Quote, Profile, Research) after Britain pressed the G20 to come up with a plan to make banks pay for any future bailouts. [ID:nL7165900]

The benchmark Nikkei .N225, which began the day lower, edged up 44.94 points to 9,834.29. The broader Topix .TOPX pared losses to be down 0.1 percent at 873.51.  Continued...

 
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