(MENAFN- Saudi Press Agency) HONG KONG , May 05, 2022, SPA -- Asian shares rose on Thursday, Reuters reported.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.52%, although trading was thin with Japanese and Korean markets closed for public holidays.
Early moves in Asia followed a U.S. rally overnight where the Dow Jones Industrial Average rose 2.81%, the S&P 500 gained 2.99%, and the Nasdaq advanced 3.19%.
The dollar index, which measures the greenback against six peers, was at 102.56, having been as firm as 103.63 on Wednesday.
Oil extended gains on Thursday after the European Union, the world's largest trading bloc, on spelled out plans to phase out imports of Russian oil. U.S. crude futures gained 0.5% to $108.36 a barrel and Brent rose 0.6% $110.8. Both benchmarks rose over $5 a barrel on Wednesday.
--SPA
17:00 LOCAL TIME 14:00 GMT
0018
MENAFN05052022000078011016ID1104166261
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.