The Japanese market rose supported by the G7’s moves to stabilize energy
rose Energy markets.
The Nikkei 225 index rose by about 3.1% to reach 54,360 points.
The broader Topix index also rose by 2.4% to 3,662 points, amid investors’ optimism about measures that might calm the fluctuations in global energy markets.
Movements of the Group of Seven countries
The finance ministers of the Group of Seven (G7) announced their readiness to take any necessary steps to support global energy supplies, including That’s pulling from Strategic oil reserves.
The group said in a statement: "We will continue to monitor the situation and developments in Energy markets closely, and we will meet as needed to share information and coordinate within the G7 and with international partners"
The statement added: "We stand ready to take the necessary measures, including supporting global energy supplies, such as releasing stockpiles".
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