Asian shares ride Wall Street surge

Asian shares on Thursday ride Wall Street surge as markets fell by a recent drum roll of deepening political and economic gloom, cheered upbeat U.S data and the Trump administration’s effort to shore up investor confidence.

Stocks

  • Japan’s Nikkei managed to pull out of bear market territory it had entered on Tuesday, surging 3.8 percent.
  • Australian shares jumped 1.6 percent as trading resumed after the Christmas break.
  • Dow Jones Industrial Average rocketing more than 1,000 points.
  • MSCI’s broadest index of Asia-Pacific shares outside Japan up 0.8 percent and away from eight-week lows.
  • Chinese blue chips gained 0.6 percent.

Currencies

  • The dollar was last off 0.4 percent at 110.95 yen.
  •  U.S. currency lost about 0.2 percent against the euro and the British pound, to $1.1382 and $1.2658.
  •  The dollar was down 0.2 percent at 96.840.

Commodities

  • Gold remained below a six-month peak hit during the previous session.
  • Spot gold edged higher to $1,269.70
  • Brent jumped more than 8.8 percent. Brent gave up 0.4 percent at $54.24 a barrel.
  • U.S. crude on Wednesday rallied almost 8.7 percent. U.S. crude was last trading about half a percent lower at $45.99 a barrel.

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