Asian shares rise, oil extends gains after OPEC+ deal
Asian shares were cautiously higher on Thursday, while the dollar eased ahead of US non-farm payrolls data, and oil prices gained for a fourth day after deep production cuts pledged by OPEC+ members.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.4 per cent in early Asia trade, as US futures gained. The index is up 4per cent this week after faling 13 per cent in September.
Japan’s Nikkei stock index climbed 0.7 per cent to its highest level since September, South Korea advanced 1.2 per cent and Australia edged 0.1 per cent higher. Hong Kong’s Hang Seng index, on the other hand, fell 0.5per cent.
