Japan Stocks Firm on Optimism on Oil Fall
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Japan's Nikkei average rose 0.37 percent in early trade on Thursday as investors bought exporters such as Canon Inc. after a fall in oil prices boosted confidence over the U.S. economy and lifted Wall Street stocks.
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Tokyo stocks will probably move little on Thursday amid worries over higher oil prices and their possible impact on global economies, but the market will be supported by bargain hunting following recent sharp losses.
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Japanese stocks may rise after oil prices fell from a record in New York, easing concern higher energy costs will damp consumer spending and corporate profits.
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Japanese stocks edged lower by midday on Monday with confidence in the domestic economic outlook failing to offset profit-taking that hit recent gainers such as insurers and telecom stocks including KDDI Corp.
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Tokyo's Nikkei average closed 0.36  percent higher on Tuesday, snapping a three-day losing streak  after crude oil prices came off record highs hit the previous  day, easing investor concerns over Japan's economy.
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Japanese stocks rose after oil prices fell from a record in New York on Friday, easing concern higher energy costs will damp consumer spending and corporate profits.
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The yen steadied on Thursday after  bouncing back from recent lows against the dollar and the euro  as oil prices stepped down from this week's record highs, while  investors awaited key economic data from Japan.
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Japan's Nikkei share average closed  virtually unchanged on Tuesday as foreign buying of exporters  and steelmakers was offset by profit-taking on recent gainers  such as drug maker Eisai Co..
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Tokyo stocks will probably move little on  Thursday amid worries over higher oil prices and their possible  impact on global economies, but the market will be supported by  bargain hunting following recent sharp losses.
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The yen won respite from its recent  beating on Thursday as oil prices eased off record highs and  investors awaited data from the United States and Japan for  clues on the health of the global economy.
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Japanese stocks fell Thursday for a third straight session, in line with an overnight drop on Wall Street, as investors remained cautious ahead of Japan&#039;s central bank meeting.
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Japanese stocks edged lower by  mid-morning on Thursday as concerns over domestic earnings and  the impact on global economies of higher oil prices  overshadowed bargain hunting following the market's recent  sharp losses.
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Asian shares were mostly steady  Friday as record oil prices lifted energy stocks and miners  rebounded on stronger metals markets, but Tokyo shares fell for  a sixth day on worries the cost of crude would hurt the  economy.
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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 rose 0.49 percent  by midday on Thursday as investors bought exporters such as  Toyota Motor Corp. after a fall in oil prices boosted  confidence over the U.S. economy and lifted Wall Street stocks.
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Tokyo stocks ended flat on Friday as worries about record-high oil prices took the edge off investors&#39; appetite for recently battered technology issues such as Sharp Corp.
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Japanese stocks edged higher early Tuesday after a modest overnight advance on Wall Street following a decline in oil prices. The dollar was higher against the yen.