February 26, 2016 8:58 AM

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Asia shares rise ahead of G20 talks, oil holds gains

Asian shares rose today following a firmer finish on Wall Street and as investors awaited a meeting of Group of 20 finance leaders that will likely offer words of reassurance. The S&P 500 scored its highest close since early January after oil staged a turnaround to end yesterday 3 percent higher on speculation a March meeting of major producers might stabilize prices.Early today, US crude CLc1 was holding almost all those gains at 32.99 dollars a barrel, with Brent LCOc1 at 35.29 dollars. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.2 percent, while South Korea. KS11 gained 0.4 percent. Japan's Nikkei N225 rose 1.5 percent to break chart resistance and reach a two week top.

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