Japanese shares hit a two-month high on Monday, as economies prepare to reopen businesses from coronavirus-induced lockdown and on positive cues from Wall Street after U.S. data on historic job losses showed they were slightly fewer than feared.

The benchmark Nikkei average climbed 1.4% to 20,466.58 points by the midday break. Earlier in the session, the index rose as much as 1.8% to hit its highest since March 6.

The broader Topix gained 1.4% to 1,479.33 by the midday recess, also its highest level in two months, with all but three of the 33 sector sub-indexes on the Tokyo exchange in positive territory.

Source : Reuters