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March 6, 2015, 4:02 a.m. EST

Japan stocks climb to fresh 15-year high as yen softens

Hong Kong stocks extend four-day losing streak

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By Laura He, MarketWatch


Reuters
Japan stocks rise further on Friday, while other Asian markets mostly retreat.

HONG KONG (MarketWatch) -- Japan stocks extended gains Friday to a fresh 15-year high, as the yen weakened versus the greenback ahead of the closely watched U.S. jobs report for February.

The Nikkei Average /zigman2/quotes/210597971/delayed JP:NIK -0.76%  advanced 1.2% to 18,971.00, the highest close since April 2000. The broader Topix /zigman2/quotes/210598092/delayed JP:180460 -0.66%  added 1.1%.

Meanwhile, the yen retreated against the dollar to ¥120.16, from ¥119.81 in the previous session, as markets looked ahead to monthly U.S. jobs data, scheduled for release at 8:30 a.m. Eastern time on Friday.

Several major export-related stocks gained substantially, with camera maker Olympus Corp. /zigman2/quotes/200860615/delayed JP:7733 -2.16% leaping 5.8%, electronics giant Fujitsu Ltd. /zigman2/quotes/208459594/delayed JP:6702 -2.24%  jumping 3.4%, and rival Panasonic Corp. /zigman2/quotes/201785256/delayed JP:6752 -0.30% climbing 2%.

Also boosting market sentiment was the European Central Bank’s announcement on Thursday that it would start its €1.1 trillion program to buy government bonds and other debt on Monday.

Other Asian markets mostly recorded losses, as Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -2.00%  extended a four-day losing streak and dropped 0.1%, and mainland China’s Shanghai Composite Index /zigman2/quotes/210598127/delayed CN:SHCOMP -4.50%  fell further and slipped 0.2%.

Sydney’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.69%  also dipped 0.1%. However, South Korea’s Kospi Composite Index /zigman2/quotes/210598069/delayed KR:180721 -0.82%  rose 0.7%.

/zigman2/quotes/210597971/delayed
JP : Nikkei
22,770.36
-175.14 -0.76%
Volume: 0.00
July 16, 2020 3:15p
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/zigman2/quotes/210598092/delayed
JP : Tokyo Exchange (TOPIX)
1,579.06
-10.45 -0.66%
Volume: 0.00
July 16, 2020 3:00p
loading...
/zigman2/quotes/200860615/delayed
JP : Japan: Tokyo
¥ 1,970.00
-43.50 -2.16%
Volume: 4.56M
July 16, 2020 3:00p
P/E Ratio
50.07
Dividend Yield
0.51%
Market Cap
¥2588.53 billion
Rev. per Employee
¥22.14M
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/zigman2/quotes/208459594/delayed
JP : Japan: Tokyo
¥ 13,120.00
-300.00 -2.24%
Volume: 1.06M
July 16, 2020 3:00p
P/E Ratio
16.59
Dividend Yield
1.37%
Market Cap
¥2687.32 billion
Rev. per Employee
¥28.38M
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/zigman2/quotes/201785256/delayed
JP : Japan: Tokyo
¥ 1,010.00
-3.00 -0.30%
Volume: 6.81M
July 16, 2020 3:00p
P/E Ratio
10.44
Dividend Yield
2.97%
Market Cap
¥2363.53 billion
Rev. per Employee
¥29.74M
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
24,970.69
-510.89 -2.00%
Volume: 1.94M
July 16, 2020 4:08p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,210.10
-151.21 -4.50%
Volume: 49.06B
July 16, 2020 3:01p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,010.90
-42.00 -0.69%
Volume: 676,693
July 16, 2020 5:20p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,183.76
-18.12 -0.82%
Volume: 784,637
July 16, 2020 3:33p
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Laura He is a MarketWatch reporter based in Hong Kong. Follow Laura on Twitter at: @lauraliuhe.

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