Nikkei rises as risk appetites sharpen; Toshiba shines

miércoles 2 de marzo de 2016 22:21 GYT
 

* Toshiba jumps on report it is asking lenders for more loans

* Bank stocks soared as risk appetite returns

* Nikkei's 25-day moving average is on the rise

By Ayai Tomisawa

TOKYO, March 3 (Reuters) - Japan's Nikkei share average rose to a fresh three-week high on Thursday morning as investors' risk appetite was boosted by an upbeat data on U.S. jobs and a rise in oil prices.

Outperforming the strong market was Toshiba Corp, which jumped 10 percent after the Nikkei business daily reported that the company is asking three key Japanese lenders for additional loans of up to $2.2 billion.

The Nikkei gained 1.0 percent to 16,910.10 in midmorning trade after opening slightly lower.

The improvement in the U.S. private sector suggested solid job growth despite market turmoil and worries about a slowing global economy.

Helping the mood, oil prices ended up for a third straight day on Wednesday as buyers shrugged off record high U.S. crude stockpiles to focus on an OPEC plan to freeze production. On early Thursday, U.S. crude prices were steady.   Continuación...