Asian shares rise on stronger global risk appitite as oil prices ease

Published by
Reuters

By Alun John HONG KONG (Reuters) – Asian shares rallied on Thursday, taking heart from a late recovery on Wall Street after U.S. politicans appeared near to a temporary deal to avert a federal debt default and as Russia reassured Europe on gas supplies, calming volatile markets. Oil prices also dropped back from multi-year highs hit a day earlier, having been a major contributor to this week’s equities sell off, while U.S. benchmark Treasury yields and major currencies steadied amid the calmer mood. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.25% in early trade, regaining…

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