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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.

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(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