Nikkei Rises 0.4% Led by Electronics, Financial Stocks
Japanese stocks advanced, with the Nikkei index up 0.4%, as concerns over rising energy costs eased due to a decline in crude oil prices. Gains were primarily driven by the electronics and financial sectors. Notable movers included Hitachi Ltd. (+1.3%), Advantest (+2.0%), Tokio Marine Holdings (+1.6%), and Japan Post Bank (+1.2%).
Japanese stocks are trading higher as worries over higher energy costs ease after crude oil prices fell overnight. Electronics and financial shares are leading the advance. Hitachi Ltd. 2% higher.