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Japan shares rise on robust U.S. data, China worries cap gains

Published 09/12/2019, 03:47
Updated 09/12/2019, 03:54
© Reuters.  Japan shares rise on robust U.S. data, China worries cap gains
JP225
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TOPX
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1605
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7013
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8801
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4543
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4568
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5019
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By Stanley White

TOKYO, Dec 9 (Reuters) - Japanese shares rose on Monday

following robust U.S. jobs data, although gains were limited on

concerns about Chinese economy and as the deadline for U.S.

tariffs on Chinese goods nears.

The Nikkei 225 index .N225 rose 0.24% to 23,410.68 by 0147

GMT, with consumer discretionary and industrial sectors leading

gains. The benchmark is up for a third straight session.

Data on Friday showed the U.S. economy created the most new

jobs in 10 months and the jobless rate fell to the lowest in

nearly half a century. However, investors were cautious after China's exports fell

for a fourth consecutive month in November as tariffs already

put in place took their toll. The focus shifts to the Dec. 15 deadline when U.S. tariffs

on Chinese goods take effect, unless the two sides reach a

compromise. Remarks around this issue could cause financial

markets to swing wildly.

The largest percentage gainers on the benchmark index were

industrial machinery maker IHI Corp 7013.T , up 3.17%, followed

by oil suppliers Idemitsu Kosan Co Ltd 5019.T and Inpex Corp

1605.T , which rose 2.99% and 2.72%, respectively.

Among the largest percentage losers were pharmaceutical firm

Daiichi Sankyo Co Ltd 4568.T , down 1.82%, followed by medical

supplies maker Terumo Corp 4543.T , which shed 1.77%, and

property developer Mitsui Fudosan Co Ltd 8801.T , down 1.76%.

There were 163 advancers on the Nikkei index against 55

decliners.

The broader Topix .TOPX rose 0.26% to 1,717.84,

The volume of shares traded on the Tokyo Stock Exchange's

main board .TOPX was 0.46 billion, compared to the average of

1.25 billion in the past 30 days.

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