Nikkei rises, snaps 6-day losing streak as yen's rise pauses

domingo 8 de mayo de 2016 22:05 GYT

* Real estate shares soar on report citing strong earnings for FY 2016

* Nikkei fell 8.6 percent in past 6 sessions

By Ayai Tomisawa

TOKYO, May 9 (Reuters) - Japan's Nikkei share average rose on Monday, snapping a six-session losing streak as the strong yen trend paused.

The Nikkei rose 0.4 percent to 16,167.63 points by midmorning, bucking regional weakness.

It had slumped 8.6 percent in the past six session after the Bank Of Japan decided to hold off on expanding monetary stimulus and as a sharp rise in the yen stoked concerns about exporters' earnings.

Analysts said investors were also less worried about last Friday's U.S. jobs report after they took a closer look at the data, which initially pushed global markets lower.

Nonfarm payrolls increased less than economists expected, and April's job gains were the smallest since September.

But the report also had some upbeat news, with both average hourly earnings and the average work week rising, and analysts said the overall slowdown in hiring may temper expectations for U.S. interest rate hikes.   Continuación...