Asia higher; ASX up 1.1%, Nikkei up 2%, Kospi gains 0.5%

Epic Research Update : Asian Markets

Asia markets advanced in early trade on Thursday, following overnight gains in US equities.

Australia’s ASX 200 was up 1.08 percent, led by a gain of 3.48 percent in the energy subindex. Japan’s Nikkei 225 added 1.99 percent, extending gains from the previous two sessions on the back of a relatively weaker yen. Across the Korean Strait, the Kospi climbed 0.52 percent.

Overnight, an advance in oil prices sent US stocks higher, with the Dow Jones industrial average adding 0.24 percent, the S&P 500 higher by 0.08 percent and Nasdaq composite up 0.16 percent.

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