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By Reuters Staff
2 Min Read
TOKYO, June 1 (Reuters) - Japan’s benchmark index ended slightly lower on Tuesday as investors awaited two key U.S. economic reports, though declines were capped by hopes of a domestic economic normalisation on delayed-but-steady rollouts of COVID-19 vaccines.
The Nikkei share average inched down 0.16% to close at 28,814.34, while the broader Topix inched up 0.17% to 1,926.18.
“Investors want to confirm the strength of U.S. recovery from the factory and jobs data to be announced later,” said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management.
U.S. factory activity numbers will be released on Tuesday, while payrolls data, due on Friday, will be the main event of the week. Median jobs forecasts are pegged at 650,000, but the outcome is uncertain following April’s unexpectedly weak 266,000 gain.
The account is led by Agung S. Ongko, RICE’s director, strategy and insights, who is based in Singapore and Phoebe Sou, general manager of RICE’s Hong Kong office.
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