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MUMBAI: Japan's Nikkei average hit its highest point in eight months on Wednesday, boosted trading firm Mitsubishi Corp after oil prices marked a seven-month high above $70 a barrel amid hopes for a recovery in the global economy.

The benchmark Nikkei advanced 1.4 per cent to 9,925.23, after briefly touching its highest level since October 8.

The benchmark Hang Seng Index too was up 1.9 per cent at 18,401.94.

Taiwan stocks rose 0.44 percent to reverse a one-month closing low hit the previous session. The main Taiex share index had risen 28.30 points to 6,442.69.

Prev: Nasdaq up 1 per cent

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