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Japanese stocks rose in today’s trade with the Topix Index gaining for the first time in six days following US stocks rally. The yen weakened as US stocks rose on jobs data optimism and released Fed minutes.
The Topix Index added 1.6% to 1,382.07 in Tokyo. The Nikkei 225 Stock Average climbed by 1.9% to 17,211.17 with the nation’s currency weakening by 0.4% to match the dollar at 119.73 yen per dollar.
US stocks ended a five-day losing streak with the S&P 500 advancing to its biggest gain in three weeks as US crude oil prices rebounded from a four-day slump and the Fed minutes were released.
Toyota Motor Corp. increased by 1.7% while Japan Tobacco Inc. added 2.6%. Disco Corp. rose by 6.5%.