Asian stocks in green; Hang Seng up 1.5%

Surging oil prices helped Asian stocks to rise on the first day of the trading week. Monetary easing steps by European Central Bank (ECB) last week lifted sentiment across Asian stocks.

Surging oil prices helped Asian stocks to rise on the first day of the trading week. Monetary easing steps by European Central Bank (ECB) last week lifted sentiment across Asian stocks. It is expected that the Bank of Japan will also follow ECB in their monetary policy review. Buoyed by the rally, Hong Kong’s Heng Seng Index is currently trading 1.50% higher at 19,730.40 points.

Climbing crude oil prices helped the Chinese stocks to take the gains forward with the Shanghai Composite Index currently trading 0.54% higher at 2,932.25 points; while the CSI 300 Index is currently trading    0.31% up at 3,123.12 points.

Among other gainers, Japan’s Nikkei 225 Index is currently trading 0.89% higher at 17,110.91 points, Singapore’s Straits Times at 2,603.60 points (1.02%), Taiwan’s Weighted Index at 7,894.15 points (1.75%), South Korea’s Kospi Index at 1,893.43 points (0.74%), Thailand’s SET Composite Index at 1,282.09 points (1.10%), Indonesia’s Jakarta Composite Index at 4,518.84 points (1.37%) and Singapore Nifty, better known as SGX Nifty, is currently trading 0.44% higher at 7,459 points.

Meanwhile, in India, the S&P BSE Sensex and Nifty 50 index are currently trading 0.48% and 0.50% higher at 24,553.88 points and 7,459.70 points respectively.