Stocks in Asia Rally; Energy Shares Advance

Asian stocks are gaining that gave boost to global equities as markets across the region climbed, with energy shares leading the advance.

- MSCI Asia Pacific Index up by 1.2% to 119.98 as of 5:12 p.m. in Tokyo, Japan.
- Japan’s Topix index up by 1.3%
- South Korea’s Kospi index climbed 0.7%
- New Zealand’s benchmark up by 0.9%
- Australia’s S&P/ASX 200 Index increased by 1.8%
- Shanghai Composite Index up by 0.8%
- Hong Kong’s Hang Seng Index are up by 1.4%
- Mainland shares up by 0.8%
- Standard & Poor’s 500 Index slid 0.2%
- Cnooc Ltd., China’s largest offshore oil company, jumped 4.8%
- Santos Ltd. increase by 4.2% in Sydney
- Japan’s Inpex Corp. gained 3.3%
- West Texas Intermediate slide by 2.5% to $31.40 a barrel