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Nikkei rallies on weaker yen, Wall Street gains
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Nikkei rallies on weaker yen, Wall Street gains
Oct 6, 2024 5:58 PM

TOKYO, Oct 7 (Reuters) - Japan's Nikkei share average

rose in early trade on Monday, supported by Wall Street's gains

on Friday and a weaker yen after a stronger-than-expected U.S.

jobs report suggested the world's largest economy remained

resilient.

The Nikkei had gained 2% to 39,417.6 by 0013 GMT in

a widespread rally, while the broader Topix was up 1.5%.

U.S. job gains increased by the most in six months in

September and the unemployment rate fell to 4.1%, data showed on

Friday, boosting global investor sentiment.

The Dow posted a record closing high on Friday and the

Nasdaq ended with a more than 1% gain.

In Japan, shares of exporters got a boost from the weaker

yen, after the U.S. dollar jumped following the jobs data and

pushed the Japanese currency to its lowest since mid-August on

Monday.

(Reporting by Brigid Riley; Editing by Subhranshu Sahu)

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