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Asia stocks shrug off cyberattack, North Korea threats to hit two-year high, oil jumps

Reuters  |  SINGAPORE 

By Nichola SaminatherSINGAPORE (Reuters) - Asian stocks were resilient on Monday, edging up to a two-year high after shaking off threats posed by a ransomware attack that locked up more than 200,000 computers in over 150 countries, a missile test by North Korea and weak U.S. data. The yen and gold, which inched up in early trade, pulled back as risk aversion ebbed.Oil prices jumped after Saudi Arabia's energy minister and Russia's oil minister said in a joint briefing that they agreed output cuts need to be extended until March 2018.U.S. crude added 1 percent to $48.32 a barrel. Global ...

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First Published: Mon, May 15 2017. 08:27 IST