The Nikkei index rose by 1.1%, with shipping and financial stocks leading the gains.

The Japanese stock market rose across the board, as the overnight drop in crude oil prices eased concerns about energy costs amidst the backdrop of conflict in the Middle East. The Nikkei index rose 1.1% to 54327.95 points. Shipping, financial, and pharmaceutical stocks led the gains. Kawasaki Kisen Kaisha rose 5.6%, SBI Holdings rose 4.4%, and Daiichi Sankyo rose 4.0%. Investors are closely monitoring any developments in the Middle East situation and supply issues in petrochemical products.