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Asia stocks shrug off cyber attack, North Korea threat to hit two-year high

Reuters  |  SINGAPORE 

By Nichola SaminatherSINGAPORE (Reuters) - Resilient Asian stocks edged up to a two-year high on Monday, shaking off threats from by a ransomware attack that locked some 200,000 computers in more than 150 countries at the weekend, a missile test by North Korea, and weak U.S. data. Oil prices jumped after Saudi Arabia's energy minister and Russia's oil minister said at a joint briefing in Beijing that they agreed output cuts should be extended to March 2018.U.S. crude surged 1.6 percent to $48.61 a barrel. Global benchmark Brent was also up 1.6 percent at $51.63. European stocks are also set ...

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First Published: Mon, May 15 2017. 11:21 IST