Japan’s Nikkei Bounces Back on Stronger Energy Stocks, Soft Yen (Update 1)

Date:


Yomiuri Shimbun file photo
Tokyo Stock Exchange

TOKYO (Reuters) – Japan’s Nikkei share average rose on Monday as a jump in oil prices boosted energy-related stocks, while a weaker yen and a strong showing in other Asian equities also buoyed investor sentiment.

The Nikkei closed up 0.77% at 36,026.94, breaking back into the 36,000 range after faltering at the end of last week.

Of the Nikkei’s 225 constituents, 196 advanced while 28 declined.

The broader Topix rose 1.27% to 2529.48.

Energy-related shares led the charge as oil prices jumped after a drone attack on U.S. forces in Jordan added to worries over supply disruption in the Middle East. O/R

Mining shares rose 3.74% to top the Tokyo Stock Exchange’s 33 industry sub-indexes, followed by the oil and coal product shares index, which climbed 3.66%.

In individual stocks, oil and gas producer Inpex Corp…

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...