Asian shares surged on Tuesday, following a raft of good news — U.S. stocks recovered overnight and the pound jumped as British Prime Minister Theresa May managed to secure last minute support from the EU for her Brexit deal before it goes to a crucial vote on Tuesday.
an end to OPEC-led supply cuts was unlikely before June. U.S. crude rose 0.44 percent on Tuesday afternoon to settle at $57.05. International benchmark Brent was up 0.39 percent to $66.84 a barrel.
In Japan, the Nikkei 225 surged more than 2 percent, with most sectors putting in strong gains. The broader Topix rose 1.88 percent.
The Shanghai composite jumped 1.61 percent, while the Shenzhen composite bounced 1.43 percent. Hong Kong’s Hang Seng index traded up 1.41 percent. Shares of China’s Meituan Dianping, an online food delivery-to-ticketing firm, plunged more than 9 percent, following results posted a day earlier which showed that its fourth-quarter operating loss more than doubled.
South Korea’s Kospi was also higher by 0.89 percent.
In Australia, the ASX 200 was up 0.41 percent. Oil stocks put in a strong showing after losses on Monday, with shares of Santos surging 2.79 percent, Oil Search giving up some gains to rise 0.51 percent, and Woodside Petroleum rising 1.12 percent.
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