Japanese stocks are higher in early trade after a weak U.S. jobs report lowered expectations for further Federal Reserve rate increases. Electronics and machinery stocks are leading gains. Advantest is up 4.0% and Mitsubishi Heavy Industries is 2.5% higher.
The dollar is at 157.67 yen, little changed from Y157.63 as of Friday’s Tokyo stock market close. Investors are closely watching headlines related to the Iran conflict, crude oil prices and bond yields. The Nikkei Stock Average is up 2.0% at 69651.14.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing