04-02-2016 01:25 via news.yahoo.com

Asia stocks gain as dollar slide boosts oil

By Wayne Cole SYDNEY (Reuters) - Asian shares rebounded on Thursday as speculation the U.S. Federal Reserve might opt to not raise interest rates at all this year hammered the dollar and sparked a huge rally in oil prices. The sudden reversal provided a much-needed boost to beleaguered commodities, sending oil up no less than 8 percent, and easing pressure on energy shares and risk appetite. Wall Street had taken its cue from oil and recouped early losses on Wednesday, in a wild session that saw
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