Japan stocks hit 15-year high, oil down as Yemen bombing ends

Japanese shares hit a new 15-year high on Wednesday on expectations of positive corporate earnings, while oil sagged after Saudi Arabia ended its military campaign in Yemen, easing tensions in the energy-rich Middle East. Japan's Nikkei rose 0.7 percent to a high not seen since April 2000. South Korea's Kospi gained 0.4 percent, while Australian shares slipped. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2 percent after rising 0.8 percent the previous day.

via Business News http://ift.tt/1IEU3NP