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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