By: Mahmoud Gamal
Mubasher: Japanese stocks closed in the green on Thursday after three sessions of declines, amid recovery of oil prices, analysts told Mubasher.
Nikkei 225 increased 1.4% to reach 16,140 points, while the broader Topix index rose 1.8% to close at 1,307 points.
Lower yen and stronger U.S. markets alongside recovering oil prices for two sessions pushed the Japanese stocks to perform positively, said technical analyst Mohamed Sonbol, a member of the Egyptian Society of Technical Analysts.
Brent crude levelled up 0.4% to $34.54, while the U.S. crude advanced 0.1% to $ 32.19.
The Japanese yen inched down 0.08% to reach 112.2 per U.S. dollar.
The Dow Jones industrial average grew 0.32%, while Standard & Poor's 500 index and Nasdaq composite advanced 0.44% and 0.87% in a row.
Sonbol noted that the markets were backed by news that Sharp accepted the acquisition offer by Foxconn of Taiwan.
Translated by: Julian Nabil
