Investing.com - Financial Markets Worldwide
Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Tokyo shares touch 4-mth highs, oil & gas sector up on soaring crude

Published 09/17/2019, 10:00 AM
Updated 09/17/2019, 10:10 AM
Tokyo shares touch 4-mth highs, oil & gas sector up on soaring crude
JP225
-
TOPX
-
9984
-
IAIRL.T
-
IMING.T
-
IPETE.T
-
ISHIP.T
-

TOKYO, Sept 17 (Reuters) - Japan's Nikkei share average
edged up to a four-month high on Tuesday, as soaring oil prices
triggered by attacks on Saudi oil facilities boosted oil and
gas-related companies.
The benchmark Nikkei average .N225 added 0.2% to 22,021.86
in mid-morning trade to mark its highest level since May 7,
while the broader Topix .TOPX rose 0.5% to 1,617.80, also its
highest in four months.
Oil and gas-related companies led gains, with the mining
.IMING.T and oil & coal products .IPETE.T becoming
subsectors jumping 9.4% and 4.7%, respectively.
On the flip side, expensive oil hit airlines .IAIRL.T and
shippers .ISHIP.T , which declined 1.6% and 1.5%, respectively.
Oil ended nearly 15% higher on Monday, with Brent logging
its biggest jump in over 30 years amid record trading volumes,
after an attack on Saudi Arabian crude facilities cut the
kingdom's production in half and fanned fears of retaliation in
the Middle East. The Nikkei heavyweight SoftBank Group 9984.T shed 3.4%,
after media reports that WeWork owner The We Company took a
last-minute decision on Monday to suspend preparations for an
initial public offering (IPO), citing sources. SBG
is the biggest backer of We Company.
U.S. President Donald Trump said on Monday that the United
States has reached initial trade agreements with Japan on tariff
barriers and digital trade, supporting sentiment in the Tokyo
share market.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.