Japanese stocks rose a fourth day, with the Topix index poised to extend its highest close since 2007, as exporters advanced after the yen weakened and brokerages led gains.
The Topix added 0.4 percent to 1,433.98 as of 9:07 a.m. in Tokyo, heading for its highest close since Dec. 28, 2007. All but five of its 33 industry groups climbed. The Nikkei 225 Stock Average increased 0.6 percent to 17,760.39. The yen held at 119.19 per dollar after falling 0.7 percent yesterday. U.S. shares rose yesterday as data showed strong construction spending and car sales. West Texas Intermediate crude futures rebounded 1.1 percent today after sliding 3.1 percent yesterday.
The Standard & Poors 500 Index climbed 0.6 percent yesterday. Futures on the measure were little changed today.