Most Asian stocks rally as investors regain confidence in commodity

Asian stocks outside Japan are trading on higher note on early Asian hours. The main key driver behind the rally is rebound in Commodity prices. Oil as well as Gold prices rebounded overnight helping the investors to rebuild the confidence in commodities. WTI crude rose 1.07% to $32.59 a barrel following an early round of profit taking while gold is well supported around $1140 on Asian hours.

Nikkei 225 index was trading 0.71% lower at 17,069.59 points. Apart from Japan, all other Asian markets are trading on higher note.

Kong's Hang Seng Index rallying 1.54% to 19,291.05 points.

China's Shanghai Composite Index adding 0.84% to trade at 2,761.47 points.

South Korea's Kospi Composite Index gained 1.05% to trade at 1,910.87 points.

Australia's benchmark S&P/ASX 200 index was 1.93% higher to 4,970.80 points on Thursday.

New Zealand's benchmark S&P/NZX50 adding just 0.09% to trade at 6,138.68 points.