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Nikkei Stalls Near 67,000 as Oil and Yen Risks Offset Financial Gains
['News On Japan']
News On Japan
Energy shares benefited from the rise in oil, but the same move raised concern for the broader economy because Japan imports most of its energy.
The dollar traded around 159.20 yen in Tokyo-market reporting and later around 159.38 yen in Reuters global-market data.
The yen is stronger than its late-July lows near 164, but still weak enough to keep imported inflation in focus.
Energy shares benefit from higher oil, but the broader economy does not.
South Korean technology shares rallied, but oil, geopolitical tensions and U.S. inflation risk kept investors from aggressively extending Tokyo’s advance.