Thursday, 24 December 2015

Asia Equities Extend holiday rally as energy plays lead

Asian equities delivered some last-minute Christmas cheer, continuing to rally on the last full trading day of the week before the holiday period. 

 The recovery in oil prices lifted energy stocks in the region, with US crude nearly 1 percent higher in Asia trade following a 4 percent rally overnight. 

Data on Wednesday showed US crude inventories fell by 5.9 million barrels in the last week, compared with expectations for an increase of 1.1 million barrels.

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