Shares in the Asia-Pacific were mostly higher on Thursday after Wall Street’s two-day rally fizzled and OPEC+ agreed to cut 2 million barrels per day to shore up prices. Oil futures were slightly up during Asia’s session.
Japan’s Nikkei 225 gained 0.7% to 27,311.30, while the Topix added 0.5% to 1,922.47. The Kospi in South Korea rose 1.02% to 2,237.86 and the Kosdaq was 3.02% higher at 706.1.
In Australia, the S&P/ASX 200 closed about flat at 6,817.50. Hong Kong’s Hang Seng index shed 0.38% in the final hour of trade after surging around 6% on Wednesday. MSCI’s broadest index of Asia-Pacific shares gained 0.37%.
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