(MENAFN- Qatar News Agency) Japan's Nikkei average rose on Thursday morning, adding to a sharp rise in the previous session, after strong US data and corporate earnings drove Wall Street stocks higher while a weaker yen bolstered market sentiment.
Also helping the mood was Japanese data showing that core machinery orders jumped in November for the second straight month of gain
The Nikkei was up 0.7 % at 15,917.06 in midmorning trade after climbing 2.5 % on Wednesday, its biggest one-day gain in four month
The index was trading comfortably above its 25-day moving average of 15,723.0
"We are getting a boost from both overseas and domestic cue
The market has started to take risks again, and as for sentiment towards the US economy, a lot of people are thinking that the weak US jobs data was a one-time incident," said Isao Kubo, equity strategist at Nissay Asset Managemen
"Investors are relieved that US growth is intact
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