Asian shares jump after US stocks rebound as oil prices stop spiking
ABC News
Shares have opened sharply higher in Asia after a rebound on Wall Street
BANGKOK -- Shares opened sharply higher in Asia on Thursday after a rebound on Wall Street, as South Korea’s Kospi took back the 12% it had shed a day earlier.
In Tokyo, the Nikkei 225 jumped 4.3%, to 56,600.44. The Kospi was at 5,702.02 and trading was suspended after the benchmark shot up shortly after the open.
Australia's S&P/ASX 200 picked up 0.3% to 8,927.20, while New Zealand's benchmark rose 0.9%.
However, U.S. futures were little changed, with the contract for the Dow Jones Industrial Average nearly flat while that for the S&P 500 edged 0.2% higher.
U.S. stocks rebounded after oil prices stopped spiking and reports gave encouraging updates on the American economy.
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