Japan Nikkei jumps 1.65% on US jobs data

The Japan share market finished session higher on Monday, 12 March 2018, as a firm US jobs data report supported investor sentiment. But, market topside capped on concerns over future developments regarding a scandal over a controversial sale of state land to private school operator Moritomo Gakuen in Japan. The Japanese government acknowledged on Monday that documents related to the land deal had been rewritten after the scandal came to light in late February last year. All of Tokyo's 33 sub-indexes rose, led by rubber products and mining. The 225-issue Nikkei average rose 354.83 points, or 1.65%, to end at 21,824.03. The Topix index of all first-section issues closed up 25.82 points, or 1.51%, at 1,741.30. Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 2601 to 816 and 148 ended unchanged. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 2.99% to 24.34.

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