Asian shares steady after steep losses; Saudi comments lift oil
Updated : May 20, 2019 09:09 AM IST
In early trade, MSCI’s broadest index of Asia-Pacific shares outside Japan tacked on 0.6 percent after a steep 3 percent loss the previous week. US S&P 500 e-mini futures also turned higher, rising 0.5 percent following losses on Wall Street on Friday.
Japan’s Nikkei stock index added 0.4 percent after data showed growth in the world’s third-biggest economy unexpectedly accelerated in the first quarter.
Both US crude and Brent crude jumped more than 1 percent following the minister’s comments, with West Texas Intermediate fetching $63.51 a barrel and Brent crude at $73.05 per barrel.
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