You are here: Home » News-CM » International » Market Report
Business Standard

Nikkei surges to fresh high for 2016 on OPEC deal

Capital Market 

The Japan share market advanced to fresh closing high for 2016 on Thursday, 01 December 2016, driven by a flurry of buying after an oil production cut deal by the Organization of the Petroleum Exporting Countries and yen depreciated to 114-yen level against greenback. The 225-issue average climbed 204.64 points, or 1.12 percent, to finish at 18,513.12, its highest closing level since Dec. 30 last year. The Topix index of all first-section issues ended up 13.84 points, or 0.94 percent, at 1,483.27 after rising 0.86 point the previous day.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, December 01 2016. 17:39 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU