Mitigation of energy cost concerns, Nikkei Index may rise.

With concerns about energy costs easing, the Japanese stock market may rise. Nikkei index futures rose 0.7% on the Singapore Exchange to 54,810 points. Following a sharp drop in oil prices on Tuesday, investors are now focusing on developments in Iran and oil prices. The Nikkei index rose 2.9% on Tuesday to 54,248.39 points.