Japanese stocks rose after a disappointing U.S. jobs report fueled speculation the Federal Reserve will keep interest rates lower for longer.
The Topix index added 1.1 percent to 1,460.17 as of 9:00 a.m. in Tokyo, climbing for a fourth day. The measure dropped 0.6 percent last week. The Nikkei 225 Stock Average advanced 1 percent Monday to 17,907.63. The yen fell 0.1 percent to 120.02 per dollar after strengthening to as high as 118.68 on Friday following data showing U.S. employers added 142,000 workers in September, missing economist estimates for a gain of 201,000.
The report also revised down employment gains in the previous two months by a total of 59,000 jobs. The jobless rate held at 5.1 percent, while wage growth was little changed from the prior month.
The probability the Fed will raise rates by its Dec. 15-16 meeting fell to 33 percent from 46 percent before the jobs report, according to futures data compiled by Bloomberg.
Source : Bloomberg