Investing.com investing.com 13 Jan, 2021 02:30 am

Asian shares make cautious gains after choppy Wall Street session By Reuters

Asian shares make cautious gains after choppy Wall Street session By Reuters
Asian shares make cautious gains after choppy Wall Street session

FILE PHOTO: Screen displays Nikkei share average and stock indexes outside a brokerage in Tokyo NEW YORK (Reuters) - Asian stocks opened mostly higher on Wednesday, tracking modest Wall Street gains as prospects of an eventual victory against coronavirus shored up recovery hopes, while tight supply expectations pushed oil prices to their highest in a year.On Wall Street, stocks fluctuated near unchanged for the session, not far from record highs."The amount of pent-up demand is slowly being unwound and over the next year it is probably going to result in one the strongest growth in 20 years and markets are pricing that in," Essele said."Markets since the election have been quite strong because uncertainty factor has been removed," Essele said.

In oil markets, Brent crude prices hit their highest since February as tighter supply and expectations of a drop in U.1% and South Korea's KOSPI 0.

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