Tokyo stocks close higher on buying of oil, bank issues
Tokyo stocks ended slightly higher Wednesday as gains in energy and banking issues led shares higher. Japan benchmark Nikkei stock index, the 225-issu..... Tokyo stocks ended slightly higher Wednesday as gains in energy and banking issues led shares higher. The Nikkei Stock Average ended up 1.96 points higher than Tuesday, while the broader Topix index finished 3.26 points higher. On the top-tier Prime Market, gainers were led by mining, land transportation and banking. Oil explorer Inpex jumped 96 yen, 4.5 percent, to 2,219 yen, and Japan Petroleum Exploration climbed 130 yen. Mizuho Financial Group was up 53 yen, 2,579.5 yen, while Mitsubishi UFJ Financial Group rose 16.3 percent.
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TOKYO, Oct. 18 (Xinhua) -- Tokyo stocks ended slightly higher Wednesday as gains in energy and banking issues led shares higher.
Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 1.96 points, or 0.01 percent, from Tuesday at 32,042.25.
The broader Topix index, meanwhile, finished 3.26 points, or 0.14 percent, higher at 2,295.34.
Stocks were largely in negative territory in the morning over concerns about further interest rate hikes in the U.S., but losses were erased later in the day as energy-linked shares rose on higher oil futures and banking issues were bought on hopes that rising interest rates would help boost profits, analysts said.
On the top-tier Prime Market, gainers were led by mining, land transportation and banking issues.
Oil explorer Inpex jumped 96 yen, or 4.5 percent, to 2,219 yen, and Japan Petroleum Exploration climbed 130 yen, or 2.5 percent, to 5,360 yen.
Among banking-related issues, Mizuho Financial Group was up 53 yen, or 2.1 percent, to 2,579.5 yen, while Mitsubishi UFJ Financial Group rose 16.5 yen, or 1.3 percent, to 1,256.5 yen.
トピック: Markets, Tokyo