Tokyo, March 11 (Jiji Press)–Japan’s benchmark Nikkei 225 stock average rose more than 1,200 points in early trading in Tokyo on Wednesday, thanks to buybacks reflecting easing concerns over oil prices and the situation in the Middle East. At 9:17 a.m., the index of 225 selected issues listed on the Tokyo Stock Exchange’s Prime section stood at 55,512.30, up 1,263.91 points, or 2.33 pct, from Tuesday’s closing. At a meeting on Tuesday, energy ministers from the Group of Seven major countries adopted a joint statement saying they are ready to take necessary measures, including the release of oil reserves. The statement helped lower oil prices, contributing to supporting investor sentiment, market sources said. END [Copyright The Jiji Press, Ltd.]
Nikkei Jumps over 1,200 Points in Early Trade
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