Japan’s Nikkei share average rose on Monday, as a jump in oil prices boosted energy-related stocks, while a weaker yen and strong showing in other Asian equities buoyed investor sentiment.
The Nikkei .N225 was up 0.92% at 36,079.14 by the midday close, breaking back in to the 36,000 range after faltering at the end of last week. So far, the index is up 6.8% for the year. The broader Topix .TOPX rose 1.26% to 2529.20.
Energy-related shares led the charge after oil prices jumped on Monday as supply concerns persisted after a missile struck a Trafigura-operated fuel tanker in the Red Sea.
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