Nikkei rises as oil surge boosts miners, weak yen lifts risk appetite

lunes 10 de octubre de 2016 22:43 GYT
 

* U.S. jobs, presidential debate help Japan market - analysts

* Airline stocks underperform after oil prices rise

* Ono Pharma stumbles as research data favours rival

By Ayai Tomisawa

TOKYO, Oct 11 (Reuters) - Japan's Nikkei share average gained on Tuesday, led by mining stocks after oil prices jumped the previous day and a weak yen lifted risk appetite.

The Nikkei rose 1.0 percent to 17,020.62 in midmorning trade, while the broader Topix rose 0.9 percent to hit a four-month high of 1,362.33.

Investors returned from a long weekend to find overseas developments had benefited Japanese stocks while markets in Japan were closed on Monday for a national holiday.

Intensely scrutinised U.S. jobs data on Friday showed that U.S. employment growth eased for the third straight month in September and the jobless rate rose, but the slowdown was not expected to prevent the Federal Reserve from raising interest rates later this year.

Meanwhile, after the second U.S. presidential debate on Monday, most investors saw Democrat Hillary Clinton holding a lead in the U.S. presidential election over Republican rival Donald Trump.   Continuación...