Japanese shares 3% higher, boosted by global markets

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. 

MUBASHER Contribution Time: 27-Jan-2016 08:19 (GMT)