Asia Markets: Nikkei soars, leading Asian-market rebound following Wall Street’s big rally [MarketWatch]
China Petroleum & Chemical Corporation (SNP)
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Source: MarketWatch
Nikkei soars, leading Asian-market rebound following Wall Street’s big rally An incredible day on Wall Street, which saw major indexes finishing at least 5% higher, spurred early gains in Asia on Thursday as some traders returned from a Christmas break. Stock markets also got a boost from crude oil futures, which surged 8% Wednesday , coming off 17-month lows as a Russian official predicted oil prices would stabilize in 2019. Japan’s Nikkei 225 index NIK, +4.01% rebounded 3.7%. It had tumbled more than 5% on Tuesday before recovering slightly a day later. The energy sector was among the day’s biggest winners, as Inpex 1605, +3.67% , JXTG 5020, +7.03% , Fuji Oil 5017, +8.12% and Japan Petroleum Exploration 1662, +4.57% rallied. Nintendo 7974, +4.61% , Sony 6758, +5.43% and Fast Retailing 9983, +1.75% also posted solid gains. Hong Kong’s Hang Seng Index HSI, +0.62% , which reopened after the Christmas holiday, rose 0.6%. Energy companies were again among the l
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