Tokyo Stocks Rise On Wall St Gains, Higher Oil Prices
Umer Jamshaid Published August 19, 2016 | 01:11 PM
TOKYO, (UrduPoint / Pakistan Point News - 19th Augst,2016) - Tokyo stocks climbed in early trade on Friday, tracking a positive lead from Wall Street and as a rally in oil prices lifted sentiment. US equities ended modestly higher on Thursday, a day after minutes from the Federal Reserve's July meeting suggested policymakers were not yet ready to go ahead with an interest rate hike next month.
Petroleum-linked shares got a boost after crude prices extended their rally Thursday following data showing a decline in US stockpiles, with Brent oil finishing above $50 a barrel for the first time in nearly two months. In Tokyo, the jump in oil prices also boosted energy-linked shares, with Inpex up more than three percent in early deals and refiner JX Holdings gaining more than two percent.
Recent Stories
DIG takes notice husband, wife murders in Shakirpure
Azma regrets private channel airing baseless news about Punjab CM
Rs. 777.1m fine imposed on 7,457 power pilferers
Finance minister briefs financial institutions on govt's economic reform initiat ..
Cuthbert earns superb Chelsea slender advantage on Barca
Police kill suspected street criminal in encounter
DCC meeting briefed about performance of all departments
MoU signed to support digital literacy, women empowerment in rural areas
Cleanliness operations commence in Gilgit
RDA issues notices to illegal housing schemes, Park View City Phase II, Baku Cit ..
Body of woman found in Industrial Area
Zahid Khan expresses concern over heavy rainfall damages
More Stories From Business
-
Finance minister briefs financial institutions on govt's economic reform initiatives
44 minutes ago -
RoboTec 24 kicked off in Mechatronics Department Hayatabad
2 hours ago -
Federal Minister for Finance and Revenue Muhammad Aurangzeb conveys condolences over recent terrori ..
2 hours ago -
Finance minister optimistic about larger bailout program from IMF
2 hours ago -
Food minister checks restaurants, food points, imposes heavy fines over violations
4 hours ago -
NPO's four day wksp on gemstones to hold in Islamabad by
4 hours ago
-
‘Socio-Economically, Bicycle Day’ a productive activity for human life: Ambassador Agnes
4 hours ago -
Gold rates up by Rs.1,500 per tola to Rs.252,200
6 hours ago -
Pakistan requesting multi-billion-dollar loan programme from IMF: Finance Minister
6 hours ago -
LCCI for joint efforts to promote Pak-Afghan trade
6 hours ago -
China's cross-border e-commerce trade up 9.6 pct in Q1
2 hours ago -
Govt bringing reforms in energy, revenue collection, SOEs: Aurangzeb
8 hours ago