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Japan rises while most Asian squares close for public holidays


The Japanese stock market rose this Monday while the rest of the main Asian indices have remained closed for a holiday. The Nikkei has advanced 0.8% while the Topix has appreciated 0.66%.

South Korea's Kospi finished practically flat. Shares of LG Electronics rose 0.6% after the company announced that it was closing its mobile phone business unit to focus its resources on "growth areas" such as vehicle components.

The markets of Australia, mainland China and Hong Kong have been closed for holidays.

The increases in Asia came after the strong rises of Wall Street last Thursday and after the good March employment report that was known on Friday across the Atlantic. The US Department of Labor reported on Friday that nonfarm payrolls increased by 916,000 in March, well above the 675,000 increase expected by economists surveyed by Dow Jones.

The unemployment rate also fell to 6%, in line with the expectations of economists surveyed by Dow Jones.


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