employment data: On Friday, the key market gauge soared 317.25 points to finish above 20,000 for the first time since Dec. 1, 2015, according to The Japan Times. The Topix, which covers all first-section issues, closed 2.23 points, or 0.14 percent, lower at 1,609.97 after climbing 26.06 points Friday. The Nikkei 225 lost 6.46 points, or 0.03 percent, to end at 20,170.82. Both indexes fell for the first time in three trading days. In particular, export-oriented names such as automakers met with selling due to the dollar's fallback below 111 on the heels of weaker than expected U.S. employment data for May, released by the Labor Department on Friday, brokers said. The TSE opened weaker as selling to lock into gains outpaced buying following its surge in the past two sessions.
(news.financializer.com). As
reported in the news.
Tagged under employment data, labor department topics.