Global Market: Nikkei rises as Wall Street gains, oil prices fall

What happened: The Nikkei rose 0.2% to 70,081.53 at the end of the morning session, while the Topix gained 0.4% to 4,163.61. US indexes closed higher overnight, with the Nasdaq Composite hitting a record high. Key numbers: Nikkei +0.2% to 70,081.53. Topix +0.4% to 4,163.61. Why it matters: Falling crude oil prices supported Japanese equities given the country's reliance on imported energy, per Nomura's Wataru Akiyama. Markets will focus on Bank of Japan Governor Kazuo Ueda's speech after the close for clues on further rate increases.

Nikkei rises on Wall Street gains and falling oil prices.

Nikkei rises on Wall Street gains and falling oil prices. — impact context not separately stored; see What changed.