The U.S. Institute for Supply Management report showed on Friday that its June index of national factory activity rose unexpectedly to 55.3 from 53.5 the previous month, beating median market forecasts for a 51.8 point increase.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange ugg boots cardy sale
, meanwhile, added 10.25 points, or 1.20 percent, to close at 864.11.
The 225-issue Nikkei Stock Average gained 97.02 points from Friday to finish at 9,965.09, after hitting an intraday high above the 10,000-line for the first time since May 2.
"The investment environment is changing as concerns ease about a U.S. economic slowdown and Greek debt," he said.
Other analysts sugg
ested the U.S. economy may be at a turning point and is set to improve appreciably by the end of the year.
Some exporters were buoyed by improved sentiment stemming from the U.S. manufacturing data and Toyota rose 1.5 percent to 3,385 yen and Honda accelerated 3.5 percent to 3,220 yen.
Local traders said that the news that manufacturing in the U.S. had increased for the first time in four months in June, was interpreted here as a sign that the recent downbeat economic reports coming out of the U.S. maybe temporary and the residual effects of the March 11 quake and tsunami in Japan on global supply chains are decreasing.
Following the mayor of Genkai in Saga Prefecture approving the restarting of two nuclear reactors idled for safety checks, Kyushu Electric Power, the operator of the Genkai plant, gained 2.7 percent to end the day at 1,499 yen.
"The increase in the manufacturing index shows U.S. consumption is favorable, and signals the economy will further recover through the end of this year," said Takero Inaizumi, head of equity research in Tokyo at Mizuho Investors Securities Co.
Utility issues were firm on Monday and Tokyo Electric Power Co., operator of the crippled Fukushima nuclear power plant, rocketed 19.8 percent to 393 yen after Japan's Chief Cabinet Secretary Yukio Edano denied any knowledge of government plans to break up and nationalize the beleaguered company ugg canberra
, as had been reported in a prominent daily newspaper on Sunday.
Nikon Corp. added 0.7 percent and Bridgestone gained 2.8 percent to 1,916 yen on news the firm will raise the price of replacement bus and truck tires.
TOKYO, July 4 -- Tokyo stocks rose Monday, with the key Nikkei stock index adding 0.98 percent to a two-month closing high as upbeat U.S. manufacturing data coupled with gains made on other Asian bourses lifted investor sentiment and saw riskier assets chased higher.
"Sentiment has not turned immediately bullish, but it seems the recent U.S. slowdown was a result of temporary factors such as disruptions in Japan's supply chain and higher gasoline prices ugg cardy boots cheap
," said Cosmo Securities strategist Toshikazu Horiuchi.
Real estate issues gained following Deutsche Bank announcing that demand for premium office space is returning following a slump after the March 11 disasters and Mitsui Fudosan climbed 4.2 percent to 1,445 yen and Mitsubishi Estate Co. gained 2.6 percent to 1,447 yen. Sumitomo Realty & Development Co., for its part, also closed in positive territory leaping 3.1 percent to 1,873 yen.
Japan's megabanks advanced, despite Standard & Poor's ratings agency saying that Greece may yet still default on its debt, despite rolling over its bonds and Mitsubishi UFJ Financial Group Inc. rose 2.8 percent to 409 yen and Sumitomo Mitsui Financial Group Inc. climbed 2.7 percent to 2 ugg shoes for kids
The majority of sectors on the Tokyo Stock Exchange advanced on the first trading day of the week and brokers said that real estate and financial issues found particular favor, along with some export-related issues as investors were heartened by the latest manufacturing data released in the United States.
Trading volume on Monday rose to 1.88 billion shares on the Tokyo Exchange's First Section, up from Friday's volume of 1.67 billion shares, with rising stocks beating falling ones by 1 tall uggs
,256 to 315.
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