Asia joins global equity rebound; oil weak on Covid-19 worries | The Edge Markets

– A + A TOKYO (April 22): Asian stocks rose on Thursday, extending a rebound in global markets following a sharp selloff earlier this week, while oil prices eased again on worries that rising COVID-19 cases in some countries will dampen fuel demand. Japan led gains, with the Nikkei 225 rallying 2%, after sliding about 2% in each of the last two sessions. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3%, following a 0.9% decline the previous day. Hong Kong’s Hang Seng rallied 0.5%, but mainland China shares were weaker, weighed down by persistent worries over Sino-U.S. tensions….