Asian markets boosted by oil price rally

Wednesday, 04 February 2015 - 12:51

Asian markets are mostly rising after US crude prices climbed for a fourth straight day, raising hopes the oil price crash may be nearing an end.

Brent crude gained nearly 6% in New York to settle at 57.91 dollars per barrel, its highest level this year.

Japan's Nikkei 225 and the broader Topix both rose more than 2% while South Korea's Kospi rose 0.7%.