Markets - Equity - Asia

Asia stocks at 1-week highs on US cues; oil jumps HONG KONG: Asian stocks rose to one-week highs, helped by solid overnight gains on Wall Street, though investors were wary of chasing prices higher until President-elect Donald Trump picks his economic team. Oil extended gains.Crude oil climbed in Asian trading with US West Texas Intermediate (WTI) up 1 percent as the dollar pulled back and expectations of production cuts grew.Prices surged 4 percent to a three-week high on Monday, after comments from Russian President Vladimir Putin raised hopes that producer countries will reach a deal at a meeting next week to limit output.MSCI's broadest index of Asia-Pacific shares outside Japan was up 1.3 percent, pulled up by a 1.3 percent rally in Australian shares. Korean shares and Hong Kong stocks rose 0.9 and 1.3 percent each.European stocks were also expected to open higher with gains seen around 0.5 percent for key markets."Most of the flow into stocks seems to be ...