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

  • Reuters
  • Stock Market News
Japan shares rise on robust U.S. data, China worries cap gains
Credit: © Reuters.

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. investors were cautious after China's exports fell for a fourth consecutive month in November as tariffs already put in place took their toll. 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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