The Tokyo Stock Exchange was well oriented Friday morning, boosted by gains on Wall Street the day before after the larger-than-expected decline in unemployment in the United States, relegating the progression of the pandemic to the background.
The Nikkei star index gained 0.47% to 22,250.40 points around 1:00 GMT, and the Topix extended index took 0.31% to 1,547.54 points.
Wall Street ended up Thursday before an extended weekend due to the US national holiday on Saturday, driven by a record number of jobs created in June and a larger than expected decline in the unemployment rate.
“The market turns to the new quarter July-September, when growth should return after the figures (from employment, editor’s note) confirmed that the worst for companies had passed”, according to Nobuhiko Kuramochi of Mizuho Securities , quoted by the Bloomberg agency.
The spread of the pandemic in the United States remains worrying, however: a new record of 53,000 new cases of Covid-19 has been recorded in the country in the last 24 hours, according to the reference count of Johns Hopkins University.
Sino-US tensions also remain under close scrutiny in Tokyo after US Congress passed a law Thursday to punish Chinese officials applying the repressive new security rules in Hong Kong. This text must however be signed by President Donald Trump to enter into force.
– On the side of values -
Almost all sectors on the Nikkei were in the green, except for real estate and the food industry. Telecoms, health and new technologies posted the largest increases.
SONY LORGNE A CHINESE VIDEO GAME EDITOR: Sony’s title was flat (-0.04% at 7,497 yen). According to Bloomberg, the group plans to make a purchase offer to Leyou Technologies, video game publisher based in Hong Kong, whose market valuation exceeds one billion dollars.
The manufacturer of the PlayStation consoles, however, risks entering a bidding war because other groups have plans on Leyou. Questioned by AFP, a spokesman for Sony declined to comment on “speculation”.
– On the currency and oil side –
The yen was stable against the dollar, at the rate of one dollar for 107.50 yen around 01:00 GMT, as the day before at 21:00 GMT.
The euro-yen price was also almost unchanged, a euro trading for 120.84 yen against 120.82 yen Thursday.
The European currency was also at the same point as the previous day against the dollar, at the rate of one euro for 1.1239 dollars. The greenback had strengthened Thursday against the euro after the US employment figures.
Oil, which had risen again on Thursday, flowed back to Asia on Friday morning. Around 00:50 GMT the price of a barrel of American crude lost 0.96% to 40.26 dollars and that of a barrel of Brent of the North Sea yielded 0.93% to 42.74 dollars.
etb / ahe