Japan shares edge up as investors await U.S. jobs data; banks under pressure [Reuters]
MURATA MFG INC UNSP/ADR (MRAAY)
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Source: Reuters
Japan shares edge up as investors await U.S. jobs data; banks under pressure - Reuters 3 Min Read TOKYO, Oct 4 (Reuters) - Japanese shares edged up on Friday after a sharp fall the previous day and ahead of key U.S. job data, but financials came under pressure as a soft U.S. service sector survey fanned growth worries and pulled Treasury yields lower. The benchmark Nikkei average rebounded 0.3% to 21,410.20 points, after shedding 2% the previous day. But it posted the biggest weekly loss in two months, down 2.1%. The broader Topix added 0.3% to 1,572.90 but ended down 2% on the week. On Thursday, the survey from the U.S. Institute for Supply Management (ISM) showed its non-manufacturing activity index falling to the lowest level in more than three years in September, and far below expectations. The downbeat U.S. economic news adds to a set of weak data earlier in the week, and has deepened fears that the U.S.-China trade war is starting to hurt growth in the world’s biggest economy, r
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