Tokyo shares gain on weaker yen, hopes on US economy

Tokyo shares notched up another week of gains as a weaker yen and positive reads from US economic indicators helped boost markets.

For the week to December 7, the benchmark Nikkei 225 index at the Tokyo Stock Exchange rose 0.86 percent, or 81.38 points, to 9,527.39.

The broader Topix index of all first-section issues added 1.12 percent, or 8.78 points, to 790.24.

The yen has been under pressure since Japan's main opposition leader Shinzo Abe, the front runner to become the nation's next prime minister, repeatedly said he would push the Bank of Japan to usher in more aggressive easing measures.

A weaker yen boosts exporters as it makes their products more competitive overseas.

Tokyo stocks ended up 0.81 percent Thursday, with the Nikkei 225 index hitting a seven-month high on optimism over the US economy and speculation of more BoJ monetary easing.

A rise in the Institute for Supply Management's November index on activity in the vast US service sector helped boost the Tokyo market.

On Friday the Nikkei index eased 0.19 percent, as investors took a wait-and-see stance ahead of key US jobs data later in the day while the yen proved resistant to further sell pressure.

Looking ahead, markets will likely keep a close eye on "US non-farm payrolls data, upcoming Japan lower house elections (on December 16), and a possible North Korean missile launch", an equity trading director at a foreign brokerage told Dow Jones Newswires.

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2526-0.0001-0.01%
    USDSGD=X
    1.7302-0.0002-0.01%
    EURSGD=X
    2.1033-0.0002-0.01%
    GBPSGD=X
    81.7693+0.00190.00%
    SGDJPY=X
    6.1905+0.0004+0.01%
    SGDHKD=X
    2.5850+0.0002+0.01%
    SGDMYR=X
    9,116.9668-3.3359-0.04%
    SGDIDR=X
    4.9692-0.004-0.08%
    SGDCNY=X
    1.1684-0.0007-0.06%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,295.80-7.90-0.61%
    GCQ14.CMX
    19.65+0.02+0.08%
    SIK14.CMX
    90.18-0.65-0.72%
    ^XAU
    3.04+0.02+0.51%
    HGK14.CMX
    104.59+0.83+0.80%
    CLK14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.73+0.08
    ^FVX
    2.72+0.08
    ^TNX
    3.52+0.06
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.115-0.002-1.71%
    B22.SI
    0.48+0.020+4.35%
    5GJ.SI
    2.27+0.090+4.13%
    5ME.SI
    2.190.0000.00%
    JS8.SI
    0.61+0.005+0.83%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.162+0.034+26.56%
    5GF.SI
    0.20+0.034+20.48%
    5WD.SI
    0.59+0.050+9.26%
    L5I.SI
    0.28+0.020+7.69%
    C33.SI
    0.215+0.015+7.50%
    5UE.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.103-0.010-8.85%
    5OS.SI
    0.112-0.008-6.67%
    5RC.SI
    0.355-0.025-6.58%
    KJ9.SI
    0.215-0.015-6.52%
    F9M.SI
    0.29-0.020-6.45%
    5PC.SI