Asian stocks rose for a third straight day as U.S. equities staged a late-day rally and oil continued to rebound.

The MSCI Asia Pacific Index gained 0.8 percent to 124.49 as of 9:20 a.m. in Tokyo, trading at the highest levels since January. The Standard & Poor’s 500 Index closed 0.4 percent higher Wednesday, reversing a 0.5 percent decline. A private report on U.S. payrolls showed companies added more workers than economists projected last month. Traders will be watching U.S. monthly employment data Friday for clues as to the pace of interest rate hikes.

Source: Bloomberg