Monday, 25 January 2016

Asia stocks edge up after Wall Street gains on crude surge

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Asian stocks gained early on Monday, relieved after seeing Wall Street rally overnight on the back of a sharp rise in crude oil prices.

 MSCI's broadest index of Asia-Pacific shares outside Japan nudged up 0.2 percent, putting further distance between a four-year low plumbed last week. Australian shares were up 1 percent. 

The S&P 500 rose 2 percent and the Dow added 1.3 percent Friday as a cold snap in North America and Europe caused a rally in oil prices. The S&P energy sector surged 4.3 percent.

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