Asia Markets Higher; ASX up 0.7%, Nikkei up 0.8%, Kospi Up 0.3%

Asia markets advanced in early trade on Friday, following record high finishes in the US amid a rebound in oil prices. In Australia, the ASX 200 was up 0.68 percent, with a 2 percent advance in the energy sub-index.Get live Indian Stock Market News Updates visit us : http://www.ripplesadvisory.com/aboutus.php or Get Two Days Free Trial just on One Missed Call @98-27-80-80-90

 

The Japanese market returned to trade after being shut Thursday for a public holiday, and the benchmark Nikkei 225 was up 0.8 percent. 

 

Across the Korean Strait, the Kospi gained 0.34 percent. Major US indexes closed at new record highs, with the Dow Jones industrial average up 117.86 points, or 0.64 percent, at 18,613.52. 

 

"Oil has been at the heart of the move, helping high yield credit spreads to narrow relative to US treasuries and put real backbone behind the feel good factor," said Chris Weston, chief market strategist at spreatbettor IG.