Asian stocks climb as oil bounces, stimulus hopes rise
Tokyo - SPA
Asian stocks rose Monday as oil rebounded from 12-year lows and expectations of monetary stimulus in Europe and Japan shored up sentiment after three weeks of sell-offs in global markets, AP reported.
Japan's Nikkei 225 rose 0.9 percent to 17,110.91 and Hong Kong's Hang Seng jumped 1.3 percent to 19,334.97. The Shanghai Composite Index climbed 0.2 percent to 2,921.61 and Australia's S&P/ASX 200 rose 1.8 percent to 5,006.60. South Korea's Kospi was up 0.7 percent at 1,893.43, and shares in Taiwan, New Zealand and Southeast Asia also were higher.