Asian stocks lifted by optimism on oil prices, Wall Str

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Source:   —  April 13, 2016, at 10:41 AM

KEEPING SCORE: Japan'south benchmark Nikkei two hundred twenty-five added 2.8 % to finish at 16.381.22. Hong Kong'south Hang Seng gained 2.4 % to 21.000.61, while the Shanghai Composite index climbed 1.5 % at 3.069.74.

Asian stocks lifted by optimism on oil prices, Wall Str

Asian stocks logged solid gains Wednesday, cheered by a rally on Wall Street, although oil prices erased some of the recent large gains that'd relieved global investors.

KEEPING SCORE: Japan'south benchmark Nikkei two hundred twenty-five added 2.8 % to finish at 16.381.22. Hong Kong'south Hang Seng gained 2.4 % to 21.000.61, while the Shanghai Composite index climbed one.5 % at 3.069.74. Other regional markets were higher nearly across the board, including Australia'south south&P/ASX two hundred, which rose 1.5 % to 5.127.20. S Korea'south markets were closed for an election holiday.

WALL STREET: The Dow Jones industrial average rose 164.84 points, or 0.9 percent, to 17.721.25. The Standard & Poor's five hundred index climbed 19.73 points, or 1 percent, to 2.061.72 and the Nasdaq composite increased 38.69 points, or 0.8 percent, to 4.872.09.

THE QUOTE: "Oil was the dominant theme again with hopes for a deal to freeze production more entrenched," said Cynthia Jane Kalasopatan of the Singapore Treasury Div of Mizuho Bank.

OIL FACTOR: Russian executive told Interfax, the Russian news agency, that they planned to reach a deal with Saudi Arabia to slice oil production, raising hopes that the recent gains in oil prices won't abate. OPEC ministers meet this Sun in Doha, Qatar.

ENERGY: Benchmark U. S. crude oil fell eighty cents to $41.37 in New York. It surged $1.81 on Tuesday. Brent crude, the international standard, fell eighty-seven cents to $43.82. It rose $1.86 on Tuesday.

CURRENCIES: The euro fell to $ 1.1349 from $1.1422 late Tuesday while the dollar rose to 108.88 yen from 108.31 yen.

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Chase Yuri Kageyama on Twitter at: https://twitter. com/yurikageyama

Her work can be found at http://bigstory. ap. org/content/yuri-kageyama

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