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Nikkei hits 3-month high in early trade after strong Japan, U.S. data

June 8, 2014



Tokyo stocks opened higher Monday, with the Nikkei hitting a three-month high following releases of strong data for U.S. payrolls for May and Japanese economic growth data for the January-to-March period.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 94.75 points, or 0.63 percent, from Friday to 15,171.99. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 5.15 points, or 0.42 percent, at 1,239.72.

A U.S. Labor Department report Friday said the world's largest economy created 217,000 nonfarm jobs in May, almost matching market expectations and showing signs the economy is recovering.

Japan's economy grew an annualized 6.7 percent in the first quarter of 2014 in inflation adjusted terms, upgraded from preliminary data, the Cabinet Office said Monday.



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Source: Japan Economic Newswire


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