TOKYO, Aug 19, (APP/AFP) – Tokyo stocks climbed in early
trade on Friday, tracking a positive lead from Wall Street and as a rally in oil prices lifted sentiment.
US equities ended modestly higher on Thursday, a day after minutes
from the Federal Reserve’s July meeting suggested policymakers were not yet ready to go ahead with an interest rate hike next month.
Petroleum-linked shares got a boost after crude prices extended their
rally Thursday following data showing a decline in US stockpiles, with Brent oil finishing above $50 a barrel for the first time in nearly two months.
In Tokyo, the jump in oil prices also boosted energy-linked shares,
with Inpex up more than three percent in early deals and refiner JX Holdings gaining more than two percent.
International News
Tokyo stocks rise on Wall St gains, higher oil prices
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