Asia shares rise as China market rallies, oil sags

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An employee of the Tokyo Stock Exchange looks at a stock quotation board as he works at the bourse at TSE in TokyoAsian equities were mostly firmer on Wednesday with stimulus-fueled Chinese shares taking the lead, while oil sagged after Saudi Arabia ended its military campaign in Yemen, easing tensions in the energy-rich Middle East. Spread betters expected Britain’s FTSE (.FTSE), Germany’s DAX (.GDAXI) and France’s CAC to open mildly higher, taking their cue from gains in Asia. On Sunday, China’s central bank cut the reserve requirement ratio for the country’s lenders in the second reduction in two months. China’s stock market has nearly doubled over the past six months on hopes of further monetary easing, with the world-beating performance luring retail investors who have been opening accounts at a record pace.

 

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