Asia markets rise as oil surges

Asia-Pacific markets largely rose on Monday as investors further digested key manufacturing data in the region.

Brent crude futures and U.S. West Texas Intermediate crude futures (WTI) surged as much as 8% after OPEC+ members agreed to cut more than 1 million barrels per day to extend through the end of 2023.

Australia’s S&P/ASX 200 rose 0.63% to end the day at 7,223, while in Japan, the Nikkei 225 was 0.5% higher to finish at 28,188.15 and the Topix rose 0.51% to close at 2,017.68.

Fidelity Asian Values Plc (LON:FAS) provides shareholders with a differentiated equity exposure to Asian Markets. Asia is the world’s fastest-growing economic region and the trust looks to capitalise on this by finding good businesses, run by good people and buying them at a good price.

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