Asia gains as crude oil surge improves risk appetite

Asia gains as crude oil surge improves risk appetite
 

Asian stocks gained on Thursday in tandem with an oil price rally after OPEC members agreed to curb output - boosting investor risk appetite.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.6 percent.
Commodity-heavy Australian shares advanced 0.6 percent and South Korea's Kospi .KS11 gained 0.7 percent. Japan's Nikkei .N225 rose 0.9 percent after losing 1.3 percent the previous day.
Overnight, European shares gained on a recovery in battered Deutsche Bank shares while the Dow .DJI rose 0.6 percent and the energy index .SPNY had its best day since January... read more

 
29 September 2016 in Business, Views: 52
Source: Reuters
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