By Thomas Wilson
TOKYO(Reuters) - Japanese stocks advanced on Monday as rebounding crude prices underpinned oil-related shares.
The Nikkei benchmark ticked up 0.1 percent to end the day at 17,635.14, its highest closing level since Dec. 9.
The Tokyo Stock Exchange oil and coal products companies subindex starred, gaining 8.4 percent as oil staunched its recent losses. U.S. crude added 1.4 percent to $57.88 a barrel.
Oil refiner Showa Shell Sekiyu soared 27.7 percent on a media report that it was in talks to be acquired by bigger rival Idemitsu Kosan Co Ltd for as much as 500 billion yen ($4.2 billion).
The broader Topix gained 0.2 percent to 1,413.05, while the JPX-Nikkei Index 400 ticked up 0.3 percent to 12,840.74.
($1 = 119.5200 yen)
(Reporting by Thomas Wilson; Editing by Shri Navaratnam)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
