TOKYO: Japan’s Nikkei share average rose on Thursday as investors snapped up beaten-down gaming and pharmaceutical stocks, while sentiment was supported by lower crude oil prices and a largely expected policy decision from the US Federal Reserve.
The Nikkei ended the day up 0.3 percent at 64,136.25. The broader Topix gained 0.8 percent to 4,094.19.
Overnight, Brent crude dropped 2.6 percent as reports of Saudi Arabia offering extra crude cargoes through Oman reduced fears of supply disruptions in the Middle East.
The Fed raised its key interest rate by a quarter point, as widely expected, while signalling the likelihood of another hike this year.
Oil-related stocks tracked crude prices lower, with Inpex sliding 3.2 percent. Of the Nikkei’s 225 components, 182 rose while 42 fell and one ended flat.
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