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Tokyo Stocks Close Thursday Higher
(MENAFN) Tokyo stocks closed sharply higher Thursday, with the benchmark Nikkei index rallying more than three percent as falling oil prices lifted investor sentiment amid easing fears over Middle East tensions.
The 225-issue Nikkei Stock Average surged 1,879.73 points, or 3.14 percent, closing at 61,684.14 — snapping a five-day losing streak. The broader Topix index also advanced, climbing 62.16 points, or 1.64 percent, to finish at 3,853.81.
The market's upswing was fueled by a drop in crude prices, with benchmark West Texas Intermediate futures falling below $100 per barrel after US President Donald Trump declared that a deal with Iran was in "the final stages." The remarks eased inflation concerns and sparked a broad wave of equity buying, analysts said.
The 225-issue Nikkei Stock Average surged 1,879.73 points, or 3.14 percent, closing at 61,684.14 — snapping a five-day losing streak. The broader Topix index also advanced, climbing 62.16 points, or 1.64 percent, to finish at 3,853.81.
The market's upswing was fueled by a drop in crude prices, with benchmark West Texas Intermediate futures falling below $100 per barrel after US President Donald Trump declared that a deal with Iran was in "the final stages." The remarks eased inflation concerns and sparked a broad wave of equity buying, analysts said.
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