Japanese
shares rose, with the Topix index poised to end the year with its
fourth straight gain, as equities tracked a rally in the U.S. and
Europe.
The
Topix rose 0.5 percent to 1,551.59 as of 9:01 a.m. in Tokyo on the
final trading day of the year, with all but one of the 33 industry
groups advancing. The measure is heading toward a 10 percent gain for
2015, adding to a 93 percent increase over the past three years. For the
quarter, the gauge is up 9.9 percent. The Nikkei 225 Stock Average
added 0.4 percent to 19,065.50. The yen traded at 120.51 per dollar,
slipping for a third day.
The
Standard & Poor’s 500 Index jumped 1.1 percent on Tuesday to
restore its gain for the year and nearly erase a monthly decline as
retailers and technology shares led a rally in light trading. The Stoxx
Europe 600 Index climbed 1.4 percent.
Oil
climbed above $37 a barrel Tuesday amid forecasts for falling U.S.
stockpiles, with West Texas Intermediate crude advancing 2.9 percent
while Brent traded 3.2 percent higher. WTI slid 1.7 percent to $37.24 in
trading Wednesday.
Japanese
shares are among the best performing major stock indexes this year in
dollar terms. The measure is still 8.3 percent below its peak in August
after China’s shock currency devaluation and the specter of Federal
Reserve interest rate hikes sparked a global equity selloff.
Source : Bloomberg
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