Japanese stocks rise 1.2% early as weak U.S. jobs data lifts rate-cut hopes

Japanese stocks moved higher in early trading, with the Nikkei Stock Average up 1.2% at 66376.25, as weaker U.S. jobs data reduced expectations that the Federal Reserve would raise interest rates. Electronics and metals shares paced the advance, including Ibiden, up 7.4%, Furukawa Electric, up 8.8%, and Sumitomo Metal Mining, up 5.7%. In currency markets, the dollar fell to 157.88 yen from Y158.30 at Friday’s Tokyo stock market close. Investors are also tracking Japanese corporate earnings and developments in the Middle East for broader market direction.

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