Asian Stocks In Green On Surging Crude
Major Asian stocks were seen climbing on Thursday, as investors scaled back the massive sell-offs following the recent chaos in the markets. The geopolitical turmoil in the Middle East, especially in Syria and Egypt added more speculations to the tapering of the US central bank’s bond-buying program, which resulted to a massive sell-off.
On Thursday, the market’s rebound was driven by the advance in crude oil prices, with the North American WTI reaching the $110-level for the first time in over two weeks, as investors’ worries over the possible military intervention in Syria. Read more