• The Dow Jones Industrial Average .DJI rose 0.75 percent to end at 24,542.54 points, while the S&P 500 .SPX gained 0.97 percent to 2,697.79.
The Nasdaq Composite .IXIC added 1 percent to finish the session at 7,339.91.
Wall Street surged on Wednesday as surging oil prices boosted energy stocks following U.S. President Donald Trump’s decision the previous day to quit a nuclear agreement with Iran.
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• Asian markets notched moderate gains in early Thursday trade, tracking Wall Street's advance as oil prices traded higher after touching multi-year highs overnight.
The Nikkei 225 edged higher by 0.42 percent in early trade. The Topix was up 0.18 percent, with gains led by its mining and oil subindexes, up 2.4 percent and 1.32 percent, respectively.
Moderate gains were similarly seen in South Korea as the benchmark Kospi rose 0.55 percent.
• In its regional economic outlook update, the International Monetary Fund (IMF) revised higher its growth forecasts for Asia, reflecting “strong and broad-based” global growth and trade, reinforced by fiscal stimulus in the US.
The Fund noted: “Asia remains vulnerable to a sudden and sharp tightening of global financial conditions, while too long a period of easy conditions risks a further buildup of leverage and financial vulnerabilities.”
Reference: Reuters, CNBC, FXSTREET
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