Nikkei surges to fresh high for 2016 on OPEC deal

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 Nikkei 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.

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