Japan Stocks Rise as Crude Oil Advance Boosts Energy Producers

Japanese stocks rose, with the Topix index poised to end of three-day drop, as rising crude oil prices pushed energy producers higher.

Inpex Corp. climbed 2.7 percent, leading a gauge of commodity producers higher. Mitsui O.S.K. Lines Ltd. declined 1.2 percent and Sankyu Inc. lost 3.1 percent as shippers and rail transporters led declines. Tanseisha Co. soared 7.4 percent after profit at the display maker rose 11 percent.

The Topix index rose 0.3 percent to 1,639.15 at the break in Tokyo, swinging from a loss of 0.3 percent. Almost two shares rose for each that fell. The Nikkei 225 Stock Average added 0.4 percent to 20,173.55. The yen traded at 124.41 per dollar after strengthening for two days. The Topix surged 16 percent this year through Tuesday, compared with a 2.5 percent gain by the MSCI World Index.

Source : Bloomberg


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