Asian equities opened higher on the final trading day of the week, following an inspiring U.S. lead overnight.
Wall Street rallied on Thursday, with the blue-chip Dow climbing more than 400 points for the first time in three years, as investors applauded the Federal Reserve’s pledge that it would be patient in increasing interest rates. Positive data showing jobless claims fell by 6,000 to 289,000 last week – the lowest since early November – also encouraged sentiment.
The Dow Jones Industrial Average rallied 2.4 percent, while the S&P 500 surged 2.4 percent. The tech-heavy Nasdaq added 2.2 percent. Meanwhile, global crude prices fell again on Thursday, a day after a short-covering rally, as traders placed new bets that the market would resume a six-month rout on worries about a supply glut.