TOKYO, Dec 5 (Reuters) - Japan's Nikkei index edged
higher on Monday, led by Uniqlo brand owner Fast Retailing and
heavyweight technology stocks.
The Nikkei share average was up 0.11% at 27,808.74
by the midday break, while the broader Topix lost 0.5%
"Today's market showed little direction as U.S. jobs data
did not become a market-moving catalyst. But investors have a
fresh view on heavyweight technology stocks, which underpinned
the Nikkei," said Shoichi Arisawa, general manager of the
investment research department at IwaiCosmo Securities.
The S&P 500 and the Nasdaq Composite ended
slightly lower, while the Dow Jones Industrial Average
edged higher on Friday, as the November payrolls report fuelled
expectations the Federal Reserve would maintain its path of
interest rate hikes to combat inflation.
In Japan, Fast Retailing rose 3.8% and gave the
biggest boost to the Nikkei after the clothing store operator
last week said average purchases per customer rose 6.5% in
Chip-making equipment maker Tokyo Electron edged up
0.6% and air-conditioning maker Daikin Industries
The banking sector lost 1.06%, amid declines in
U.S. Treasury yields, with Resona Holdings falling
3.86% to become the biggest loser on the Nikkei.
Robot maker Fanuc rose 2.44% and became the biggest
support to the Topix.
Toyota Motor fell 1.07% and was the biggest drag on
the Topix. Nissan Motor lost 2.93% and Mitsubishi Motors
The auto sector dropped 1.14%.
(Reporting by Junko Fujita; editing by Uttaresh.V)