Mubasher: Japanese shares closed Wednesday’s session on a higher note, as Nikkei rose by 2.7% to 1, 7163 points and the broader Topix index grew 3% to 1400 points.
The rise of Japanese stock market was powered by stronger global markets and the remarkably better oil prices that are spurred by speculations on a possible agreement between Saudi Arabia and Russia to reduce oil production, said financial analyst Mohammed Shamimri.