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Japanese Stocks Close Marginally Up; Dollar Falls, Oil Remains Stable

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Japanese stocks extended marginal gains on Monday, supported by weak US economic data that reduced expectations of a possible Federal Reserve interest-rate hike next month, dragging down the dollar.

The benchmark Nikkei 225 closed up 506.45 points, or 0.74%, at 69,220.25.

Oil prices remained stable even as uncertainty over energy supply persisted following US President Donald Trump's announcement to "substantially reduce" joint military drills with South Korea, indicating ongoing US preparations for future Middle East escalations.

On the corporate side, Park24 (TYO:4666) sales of Times parking in July rose 8.9% year-on-year, according to a Monday filing on the Tokyo Stock Exchange.

Also, 3D WH Opportunity Master OFC-3D WH Opportunity Holdings filed a petition for a preliminary injunction against Toho Holdings' (TYO:8129) takeover defense measure, according to a Friday filing with the Tokyo bourse.

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