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Japanese Stocks Rise Ahead of US Jobs Data as Rate Hike Fears Ease; Oil Gains

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Japanese stocks gained ahead of US job data as investor sentiment improved and fears of a Federal Reserve interest rate hike eased.

The benchmark Nikkei 225 closed up 806.46 points, or 1.26%, at 65,020.94.

Oil prices extended gains even as US-Iran peace talks to end the Middle East conflict and reopen the Strait of Hormuz progressed.

On the corporate side, Sumitomo (TYO:8053) completed its 80 billion yen share buyback, repurchasing 47.7 million common shares, according to a Tokyo Bourse filing on Friday.

Also, NEC (TYO:6701), SB Payment Service and SB C&S have entered a partnership on facial recognition payment for the PayCas multi-payment service, according to a Friday release.

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