Japanese stocks rose, with the Topix index extending a six-year high, as a weaker yen boosted exporters while airlines and shippers climbed on a slide in oil.
The Topix added 0.4 percent to 1,415.57 as of 9:05 a.m. in Tokyo after closing last week at its highest level since June 2008. The measure gained 5.8 percent in November, the biggest monthly advance since September 2013. All but seven of the 33 industry groups increased today. The Nikkei 225 Stock Average rose 0.1 percent to 17,481.47. The yen slid 0.2 percent to 118.84 per dollar after losing 0.8 percent on Nov. 28.
Crude extended its slide today, with West Texas Intermediate contracts for January delivery on the New York Mercantile Exchange sinking as much as 3.1 percent to $64.10 per barrel after OPEC refrained from cutting supply last week.
JapanÃ¢s capital spending rose 5.5 percent in the three months ended September from the previous year, the finance ministry said today in Tokyo. Economists surveyed by Bloomberg had expected a 1.8 percent advance.
Futures on the Standard & PoorÃ¢s 500 Index lost 0.3 percent today. The underlying equity measure declined 0.3 percent on Nov. 28 as small-cap companies and energy producers slumped on a slump in oil.