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| Jump in oil prices gives a boost to Asia's markets | Jump in oil prices gives a boost to Asia's markets |
| (about 3 hours later) | |
| A jump in oil prices overnight has given stock markets across Asia a boost at the start of trading on Thursday. | |
| Brent crude, which is seen as the international benchmark, climbed 3.3% to $40.94 a barrel, while the price of West Texas crude rose 5% to $38.32. | Brent crude, which is seen as the international benchmark, climbed 3.3% to $40.94 a barrel, while the price of West Texas crude rose 5% to $38.32. |
| Expectations that the European Central Bank (ECB) may announce further stimulus measures later was also helping investor sentiment. | Expectations that the European Central Bank (ECB) may announce further stimulus measures later was also helping investor sentiment. |
| Japan's Nikkei 225 was up 1.11% to 16,826.94 points by mid-morning. | Japan's Nikkei 225 was up 1.11% to 16,826.94 points by mid-morning. |
| Australia's benchmark S&P/ASX 200 was up 0.2% to 5,166.60, helped by energy-related stocks. | Australia's benchmark S&P/ASX 200 was up 0.2% to 5,166.60, helped by energy-related stocks. |
| Sydney-listed shares in Santos and Oil Search Limited, Papua New Guinea's largest oil and gas producer, were both up about 2.5%. Shares in Origin Energy, which is involved in oil and gas exploration, were up 1.8%. | Sydney-listed shares in Santos and Oil Search Limited, Papua New Guinea's largest oil and gas producer, were both up about 2.5%. Shares in Origin Energy, which is involved in oil and gas exploration, were up 1.8%. |
| In South Korea, the Kospi index rose 0.62% to 1,965.08. | In South Korea, the Kospi index rose 0.62% to 1,965.08. |
| In China | In China |
| Fresh numbers from Beijing showed China's consumer inflation rose to 2.3% in February, a positive sign for demand in the world's second-largest economy. | Fresh numbers from Beijing showed China's consumer inflation rose to 2.3% in February, a positive sign for demand in the world's second-largest economy. |
| The National Bureau of Statistics figures showed that inflation had increased by the largest margin in nearly two years. The producer price index, however, fell 4.9% year-on-year. | The National Bureau of Statistics figures showed that inflation had increased by the largest margin in nearly two years. The producer price index, however, fell 4.9% year-on-year. |
| Hong Kong's Hang Seng index was up 0.54% to 20,104.41 points. | Hong Kong's Hang Seng index was up 0.54% to 20,104.41 points. |
| China's Shanghai Composite was bucking the regional trend however and was down 0.75% to 20,104.41. | China's Shanghai Composite was bucking the regional trend however and was down 0.75% to 20,104.41. |