Japanese stocks rose, with the Topix index trading near its highest level in about seven years, as gains by energy explorers countered a drop by airlines and utilities following a rebound in oil prices.
The Topix index climbed 0.4 percent to 1,512.88 at the trading break in Tokyo, swinging from a 0.2 percent loss, heading for its highest close since December 2007. The Nikkei 225 Stock Average added 0.6 percent to 18,688.32, trading near a 15-year high. Goldman Sachs Group Inc. boosted its 12-month target price for the Topix to 1,700, citing earnings growth, valuations and a trend toward Japanese shares decoupling from moves in the yen.
Futures on the Standard & Poorâ€™s 500 Index were little changed after the underlying gauge slipped 0.1 percent from a record in New York on Wednesday.
Brent crude oil surged 5.1 percent in London and West Texas Intermediate futures climbed 3.5 percent in New York.
Source : Bloomberg