The Nikkei Index rose by 1.5%, following the upward trend on Wall Street.
The Japanese stock market rose in early trading, following the overnight gains on Wall Street. InTouch Capital Markets analysts team commented, "The drop in oil prices is helping drive the stock market higher, with increased risk appetite." The team added, "One interpretation of the price movement is that the market is becoming more accustomed to the ongoing low-level conflict between the U.S. and Iran." Among the best performing components of the benchmark index, Fujikura rose 5.2%, Yasukawa Electric rose 4.9%, and Mitsui Kinzoku rose 4.7%. The Nikkei index rose 1.5% to 68770.27 points.
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