Market Report - Asia Gains as Oil Dips

ANCHOR:
Asia stocks gained on Wednesday with investors soothed by a fresh dip in sky high oil prices.

Japan's Nikkei rose 0.7 percent (14,453) with electronics makers among the top performers.

Battery makers also surged. Investors are eyeing the rising potential for next-generation car batteries amid the expansion of hybrid cars.

Elsewhere in the region, Korean shares gained, despite lingering worries over labor strikes gripping the country. Shipbuilders and shipping firms rebounded from their recent steep falls on hopes that lower oil prices will keep business afloat.

Category:

News & Politics

Tags:

• ntd
• market
• report
• asia
• oil
• price
• investor
• trade
• economy
• commercial
• financial
• nikkei