TOKYO, Oct. 18 (Xinhua) — Tokyo shares ended barely larger Wednesday as positive aspects in power and banking points led shares larger.
Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 1.96 factors, or 0.01 %, from Tuesday at 32,042.25.
The broader Topix index, in the meantime, completed 3.26 factors, or 0.14 %, larger at 2,295.34.
Stocks had been largely in adverse territory within the morning over considerations about additional rate of interest hikes within the U.S., however losses had been erased later within the day as energy-linked shares rose on larger oil futures and banking points had been purchased on hopes that rising rates of interest would assist increase earnings, analysts stated.
On the top-tier Prime Market, gainers had been led by mining, land transportation and banking points.
Oil explorer Inpex jumped 96 yen, or 4.5 %, to 2,219 yen, and Japan Petroleum Exploration climbed 130 yen, or 2.5 %, to five,360 yen.
Among banking-related points, Mizuho Financial Group was up 53 yen, or 2.1 %, to 2,579.5 yen, whereas Mitsubishi UFJ Financial Group rose 16.5 yen, or 1.3 %, to 1,256.5 yen.