“(Reuters) – Asian stocks rose on Thursday, led by commodity and consumer related sectors, with steadier commodity markets and the euro’s rally above $1.41 bringing some investors back into the markets in search of bargains.
The risks surrounding the euro have not eased much, with Greece fighting to avoid a debt restructuring that could have a big ripple effect across other high risk-European countries struggling with gaping fiscal deficits.
Worries about Europe along with fallout from a spike in volatility in precious metals and crude prices have made investors scamper back and forth between shunning risky assets to scooping them back up, albeit in reduced trading volumes.
Japan’s Nikkei share average climbed 1.1 percent .N225 in early trade, with camera maker Canon Inc (7751.T) leading the charge. The stock was up 5 percent after it said on Wednesday that would buy back 50 billion yen ($610 million) of its own shares.”
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