Asian shares neared a 20-month top on Monday as Wall Street extended its run of record peaks on solid U.S. economic data and lashes of liquidity from the Federal Reserve.
Oil prices jumped as oilfields in southwest Libya began shutting down after forces loyal to Khalifa Haftar closed a pipeline, potentially reducing national output to a fraction of its normal level.
Early turnover in Asian shares was light with U.S. stock and bond markets closed for the Martin Luther King Jr. holiday.
MSCI’s broadest index of Asia-Pacific shares outside Japan firmed 0.1%, after notching its highest close since June 2018. Japan’s Nikkei added 0.2% to be near its highest in 15 months.