Asia stocks surge on global rally as oil rebounds

TOKYO (May 25): Asian stocks jumped Wednesday after a strong lead from Wall Street and Europe, and as investors adjusted to the prospect of a US rate rise in the near future.

Energy stocks soared in Hong Kong and Sydney as oil prices rebounded, while in Tokyo exporters were lifted by a weaker yen which is a plus for their profitability.

The gains in Asia followed a jump in European markets Tuesday as Brexit fears eased after opinion polls suggested Britain would vote to remain in the European Union next month.

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