Tokyo Stocks Rise as Oil Prices Drop

Tokyo stocks closed higher on Monday, as a decline in crude oil prices boosted investor sentiment. The benchmark Nikkei 225 index gained 0.8%, while the broader Topix index rose 0.6%. Lower oil costs eased concerns about inflation and corporate expenses, encouraging buying in energy-sensitive sectors such as transportation and manufacturing. Analysts noted that the drop in crude prices also reduced pressure on the Japanese yen, supporting export-oriented stocks. The market’s advance was broad, with gains in technology and financial shares leading the way.