Nikkei up in choppy trade after US jobs data, automakers, Toshiba gain

domingo 6 de septiembre de 2015 22:15 GYT
 

* Nikkei may hover 17,500 until next FOMC - analysts

* Toshiba turns positive after it releases earnings

By Ayai Tomisawa

TOKYO, Sept 7 (Reuters) - Japanese stocks bounced from seven-month lows on Monday in choppy trade, helped by gains in the Chinese market after regulators sought to calm sentiment.

Trading, however, remained cautious as a mixed U.S. jobs report did little to offer clarity on when the Federal Reserve would begin raising interest rates.

The Nikkei rose 0.4 percent to 17,855.90 in midmorning trade after falling as low as 17,478.72 earlier, the lowest since Feb. 5. A breach below 17,450.77 would wipe off its year-to-date gains.

The gains tracked Chinese markets, which resumed trading after an extended break and rose at the open following remarks by regulators to calm sentiment.

"The jobs report itself was good. The U.S. economy is recovering, and it should be good for the Japanese economy if we didn't have worries about China," said Yoshihiro Okumura, an analyst at Chibagin Asset Management.

But he said that the market, which in recent weeks has been hit by worries of a hard landing in China, may stay sluggish ahead of the Fed's Sept 16 and 17 policy meeting, he said.   Continuación...