Shares in Asia mostly gained on Thursday following an overnight surge in stocks on Wall Street, with all three major indexes stateside posting gains of more than 4.9 percent.
Nikkei 225 surged 3.53 percent in early trade while the Topix jumped 3.76 percent as the two indexes climbed for the second-straight day after their Christmas Day tumble.
In Australia, the ASX 200 rose around 1.45 percent in morning trade, with most sectors seeing gains.
Of note, the energy sector Down Under jumped around 3 percent, with shares of oil-related companies advancing. Santos rose 3.34 percent, Woodside Petroleum gained 3.72 percent and Beach Energy gained 2.28 percent.
Similar gains were seen in Japan, where Inpex advanced 5.46 percent, Fuji Oil gained 2.52 percent and Japan Petroleum Exploration soared 7.16 percent.
Those moves came on the back of a strong rebound in oil prices on Wednesday, which saw both U.S. and international benchmark Brent crude post their largest one-day increase since Nov. 30, 2016, when OPEC signed a landmark agreement to cut production.
South Korea’s Kospi, however, bucked the overall trend to slip 0.22 percent.
The mainland Chinese markets, which have been closely watched as a result of Beijing’s trade spat with Washington, are set to open at 9:30 a.m. HK/SIN.
from Viral News Reports http://bit.ly/2RkROgC
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