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Nikkei up on oil and yen, but 2008 worst year ever

  Japan’s Nikkei average rose 1.3% on Tuesday, the final trading day of the year, as higher oil boosted the market, but it still booked its worst year ever with a loss of 42%.

Canon Inc and other exporters gained as the yen held steady against the dollar, while oil and gas field developer Inpex climbed as oil extended gains on concern that Israeli attacks on Gaza could disrupt Middle East crude oil supplies. The benchmark Nikkei gained 112.39 points to 8,859.56 and marked the first positive month since May. The broader Topix gained 0.5% to 859.24. The market will reopen on Jan 5. (Reuters)