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Japan’s Nikkei rose and crossed the significant 27,000-point level for the first time in two weeks on Tuesday, boosted by a rise in energy stocks, though uncertainty over US interest rate hikes limited gains.
The Nikkei rose 0.66 percent to close at 27,049.47 points, close to its highest level during the day. The index continues to rise for the fourth consecutive session.
The broader Topix index rose 1.06 percent to 1,907.38 points.
The energy sector was the best performer on the Nikkei index, rising 3.8 percent after the rise in oil prices. No sector recorded losses, but shares of basic metals companies achieved the least gains, and the sector index increased by 0.31 percent.
Shares of Tokyo Electricity Co., the largest percentage gainer on the Nikkei index, rose 7.21 percent in light of a heat wave in the Japanese capital expected to pressure energy supplies.
The share of the oil company Inpex rose 4.88 percent and was among the best-performing stocks.
Auto stocks outperformed the market, as they benefited from the recent decline in the yen, which boosted sales value abroad.
Mitsubishi Motors shares jumped 5.82 percent, while Toyota shares rose 2.17 percent.
Shares of Fast Retailing, owner of clothing retailer Uniqlo, rose 0.71 percent to a seven-month high.
