Nikkei Edges Up as Oil Stocks Rise
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Tokyo's Nikkei average edged up by midsession on Thursday, bolstered by gains in resources-related stocks such as Nippon Oil Corp. after a rise in crude oil prices above &#36;48 a barrel.
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Japan&#39;s Nikkei average rose 0.67 percent at the opening on Monday after crude oil dropped back from record highs above $49 a barrel, encouraging some investors to return to the Tokyo stock market in search of bargains.
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Japan's Nikkei average is expected to extend gains on Thursday as investors keep a healthy appetite for blue-chip exporters after a fall in oil prices boosted confidence over the U.S. economy and lifted Wall Street stocks.
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Tokyo's Nikkei average ended higher for  the third straight session Tuesday amid a growing consensus  that Japanese shares would catch up with gains in overseas  stock markets despite recent poor news on the economy.
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Japan's Nikkei stock average edged up by mid-session on Wednesday as exporters like Canon Inc. bounced back from losses, but gains were limited by data confirming weak economic growth in the three months to September.
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Japan's Nikkei average rose more than one  percent to a 2 1/2-month closing high on Friday, bolstered by  gains on Wall Street and a growing consensus that Tokyo stocks  look cheap compared with the U.S. and other Asian markets.
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Tokyo stocks edged higher Wednesday morning as a key economic survey came within expectations. The dollar was up against the Japanese yen.
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The Tokyo stock market's main index edged higher Tuesday for the fourth straight trading day, supported by investor optimism about Japan's economic recovery. The U.S. dollar was higher against the Japanese yen.
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Japan's Nikkei average edged up 0.29 percent at the opening on Tuesday, with a second day of falls in oil prices easing fears about the global economy and prompting buying in exporters such as Sony Corp.
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Japanese stocks edged higher at Wednesday's open, though light profit-taking soon pushed the benchmark Nikkei downward while most investors awaited quarterly earnings results.
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The Nikkei share average rose 0.12  percent to a 7-1/2-month closing high on Tuesday, supported by  gains in financial shares as investors saw chances of more  industry consolidation and on optimism over Japan's economy.
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Tokyo's Nikkei stock average rose 1.16 percent by midday on Tuesday as gains on Wall Street and a slip in crude oil prices encouraged investors to scoop up bargains following seven straight days of losses.
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Japan's Nikkei average closed up 0.75  percent on Wednesday, rising for a fourth day after an advance  in U.S. blue chips to their highest in three and a half years  offset an unexpected drop in Japan's trade surplus.
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Japan's Nikkei average is expected to  extend gains on Thursday as investors keep a healthy appetite  for blue-chip exporters after a fall in oil prices boosted  confidence over the U.S. economy and lifted Wall Street stocks.
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Japan's Nikkei average edged up 0.25  percent at the opening on Tuesday as investors stayed  optimistic about Japan's economy and bought banks and insurance  firms.
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Japan's Nikkei average edged up 0.29  percent at the opening on Tuesday, with a second day of falls  in oil prices easing fears about the global economy and  prompting buying in exporters such as Sony Corp.
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Tokyo's Nikkei average ended higher for  the third straight session on Tuesday amid a growing consensus  that Japanese shares would catch up with gains in overseas  stock markets despite recent poor news on the economy.