Asian Shares Rise As Energy Surges

Asian shares headed higher on Thursday as rising oil prices boosted energy and mining shares in the region.
The price of Brent crude oil hit 2015 highs above $63 (£42) a barrel, rallying on government data that showed oil inventories in the US rose less than expected last week.
Tokyo’s Nikkei 225 closed up 0.1% at 19,885.77, reversing earlier losses.
Toyota’s shares were up 0.4% after the firm said it would end a three-year, self-imposed break from expansion.
The carmaker said it would build a new $1bn plant in Mexico and add a new production line to a plant in China.

Sharp’s shares surged 4.5% after sources said it would meet with banks on Thursday for a $1.7bn rescue deal for the loss-making electronics firm.
In Greater China, Hong Kong’s Hang Seng index closed up 0.4% at 27,739.71, while the Shanghai Composite was up 2.7% to 4,194.82 – hitting another seven-year high.
Shares on the mainland posted their biggest fall in a month on Wednesday after growth data showed China’s economy had slowed further in the three months to March this year.

via BBC

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