Japan's Nikkei opened 1.6% higher, putting stocks back where they were on Tuesday. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1%, following gains on Wall Street overnight. Australian shares added a percentage point, climbing to their highest mark for the year so far and sitting close to a record high hit in December.
SINGAPORE: Asian stocks rebounded on Thursday and oil beat a retreat, as the United States and Iran backed away from the brink of further conflict in the Middle East and investors reversed their safety plays.
U.S. President Donald Trump responded overnight to an Iranian attack on U.S. forces with sanctions, not violence. Iran offered no immediate signal it would retaliate further to a Jan. 3 U.S. strike that killed one of its senior military commanders.
Limited time offer:
Just RM5 per month.
