Asian stocks rise on Trump U-turn but unease sees oil bounce

Equity markets in New York jumped and crude plunged Monday after the US president made the surprise announcement that he would hold off fresh attacks on energy infrastructure for five days following negotiations with an unidentified "top person". The news ramped up hopes for an end to the conflict and the reopening of the Strait of Hormuz, through which a fifth of oil and gas flows. Brent slumped as much as 14 percent at one point to $96, while all three main indexes on Wall Street climbed more than one percent...