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Tokyo: Stocks rise 1.25% on US jobs report, China rate cut

Monday, May 11, 2015 - 14:19


[TOKYO] Tokyo stocks jumped 1.25 per cent on Monday, boosted by a solid US jobs report and China's decision to cut interest rates again, but Sharp and Toshiba plunged on concerns about their balance sheets.

The Nikkei 225 index at the Tokyo Stock Exchange rose 241.72 points to close at 19,620.91, while the broader Topix index of all first-section shares rose 0.67 per cent, or 10.57 points, to 1,598.33.


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