Nikkei edges up as China hopes give boost
* In thin trade, Nikkei shrugs off weak U.S. jobs data
* China-linked shares climb on data hopes
* Dollar's rise against yen helps some exporters
* But 25-day MA near 10,000 becoming resistance - analyst
By Elaine Lies TOKYO, Nov 9 (Reuters) - Japan's Nikkei average shrugged off weak U.S. jobs data to rise 0.2 percent on Monday, with China-linked shares such as Kubota Corp (6326.T: Quote, Profile, Research) up on hopes 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 U.S. jobless rate unexpectedly jumped to 10.2 percent in October, a 26-½ year high, but job losses for August and September were revised to show 91,000 fewer jobs were lost than previously reported. [ID:nN06178752]
"It appears that there's a bit of a movement back towards risk-taking," said Nagayuki Yamagishi, a strategist at Mitsubishi UFJ Securities.
"The jobs data wasn't all that good. Usually if numbers are worse than expected markets aren't too happy, but the downward revision in terms of jobs lost in August and September shows the situation there is improving." Continued...
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