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Asian stocks set to rise on U.S. cues; oil higher

Reuters  |  HONG KONG 

HONG KONG (Reuters) - Asian stocks are set to rise in opening trade on Tuesday following overnight gains on Wall Street, while oil is set to extend a week-long rally after major producers Saudi Arabia and Russia said supply cuts needed to continue into 2018.MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6 percent to its highest level since June 2015. Early Asian markets such as Australia are set to lead the region higher, with metal and oil shares in focus. The S&P 500 and the Nasdaq reached record closing highs on Monday, powered by demand for technology stocks after the ...

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First Published: Tue, May 16 2017. 08:30 IST