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Nikkei jumps after strong U.S. jobs data, steel up

Published 03/07/2010, 07:11 PM
Updated 03/07/2010, 07:12 PM
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TOKYO, March 8 (Reuters) - Japan's Nikkei stock average rose 1.5 percent on Monday after U.S. jobs data came in better than expected, with exporters benefiting from a weaker yen and resource shares from gains in commodities prices.

Fujitsu Ltd, Japan's largest IT services firm, slipped after it said on Saturday it has dismissed advisor Kuniaki Nozoe amid a dispute over the circumstances that led to his abrupt resignation as president last year.

JFE Holdings rose over 2 percent after saying on Friday it had agreed with BHP Billiton on a 55 percent rise in coking coal for April-June, while fellow steelmaker Nippon Steel Corp rose 1.5 percent.

The benchmark Nikkei rose 1.8 percent to 10,551.30, while the broader Topix gained 1.6 percent to 925.02. (Reporting by Elaine Lies)

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