Asia gains as crude oil surge improves risk appetite

Asian stocks gained on Thursday in tandem with an oil price rally after OPEC members agreed to curb output – boosting investor risk appetite.

MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.6 percent.

Commodity-heavy Australian shares advanced 0.6 percent and South Korea’s Kospi gained 0.7 percent. Japan’s Nikkei rose 0.9 percent after losing 1.3 percent the previous day.

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