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Nikkei 225 Edges Up 0.19% On Wall Street Cues, Steady Yen

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Last updated: 05/19/2017 05:47:18

05:47 AM EDT, 05/19/2017 (MT Newswires) -- The Nikkei 225 Friday edged up 0.19% on overnight gains on Wall Street and a checked appreciation of the yen vs. the U.S. dollar. A weaker yen is regarded as a positive in export-oriented Japan.

In other news, government officials reported a record-high 97.6% of university graduates in Japan have jobs as of April 1, a sign of tight labor markets on the islands.

The benchmark Nikkei 225 rose 36.90 to 19,590.76, as gaining issues outnumbered losers 140 to 76.

Leading the upside were insurer MS7AD (MSADY, 8725:Tokyo), up 5.1%; followed by troubled conglomerate Toshiba (TOSYY, 6502:Tokyo), up 3.3%; and then insurer Dai-Ichi (8750:Tokyo), up 3.1%.

On the downside were satellite TV service Sky Perfect (SKPJY, 9412:Tokyo), off 4.8% and then utility Oska Gas (OSGSF, 9532:Tokyo), off 3.9%.

The Nikkei 225 is up 2.49% YTD.

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