Japan's Nikkei Stock Average Gains 2.65%, Closes 83.56 Points Higher Amid Yen Slide

Japan's Nikkei Stock Average has seen significant gains recently. On October 2, Nikkei futures traded up at 38,895, compared to a cash close of 37,808, following a slide in the yen. By October 3, Tokyo's Nikkei Share Average extended its gains, rising 2.65% and closing unofficially up 1.97% at 38,552.06. On October 4, the Nikkei Stock Average rose 180 points at the morning close and later closed 83.56 points higher than Thursday at 38,635.62 points. The rise in crude oil prices due to concerns over the Middle East situation has contributed to the increase in energy-related stocks, such as oil and mining.