Asian markets jump higher as oil prices gain
Asia-Pacific stocks mostly rose Thursday, supported by gains in energy companies and Chinese markets. Hong Kong’s China Enterprises Index HSCEI, +1.29% , made up of Chinese-based firms with listings in Hong Kong, climbed 2.1%, while the benchmark Hang Seng Index HSI, +1.10% rose 1.4%. Oil-related stocks helped fuel gains, as PetroChina 601857, +0.12% jumped 5.7% and peer Cnooc gained 4.4%. Australian energy stocks XEJ, +0.11% rose a further 0.7%, putting the month’s advance at 8.2%, on pace for the biggest monthly gain since 2011. Oil futures US:CLK8 rose nearly 3% on Wednesday and were up a further 0.6% in Asian trading Thursday after data showed U.S. stockpiles fell by more than analysts were expecting. Read @ https://www.marketwatch.com/story/asian-markets-jump-higher-as-oil-prices-gain-2018-04-18
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