Nikkei stock index retakes 17,000 line at outset on strong oil prices | mb.com.ph | Philippine News
Home  » Business » Banking & Finance » Nikkei stock index retakes 17,000 line at outset on strong oil prices

Nikkei stock index retakes 17,000 line at outset on strong oil prices

TOKYO — Tokyo stocks opened higher Tuesday, with the Nikkei index briefly retaking the 17,000 line in roughly one month, after U.S. shares rose overnight on climbing oil price.

A pedestrian walks in front of an electric quotation board displaying the Nikkei key index of the Tokyo Stock Exchange in Tokyo on March 17, 2016.  Tokyo shares rose on March 17 after the Federal Reserve lowered its outlook for further US interest rate hikes and as Japan recorded its first trade surplus in two months. / AFP / KAZUHIRO NOGI (2016.mb.com.ph)

A pedestrian walks in front of an electric quotation board displaying the Nikkei key index of the Tokyo Stock Exchange in Tokyo on March 17, 2016.
Tokyo shares rose on March 17 after the Federal Reserve lowered its outlook for further US interest rate hikes and as Japan recorded its first trade surplus in two months. / AFP / KAZUHIRO NOGI (2016.mb.com.ph)

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 146.83 points, or 0.87 percent, from Friday to 17,006.92.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 7.89 points, or 0.58 percent, to 1,358.50. Tokyo markets were closed on Monday for a national holiday.

Gainers were led by mining, fishery, agriculture and forestry, and oil and coal product issues.