China fuels Asian stocks rally, oil climbs on Red Sea worries

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By Kevin Buckland TOKYO (Reuters) – Chinese equities led a rally in Asian stocks to start the week, after regulators took new steps over the weekend to support the market. Oil climbed after a step-up in Middle East violence, as a missile attack by Yemen’s Houthi group caused a fire on a fuel tanker in the Red Sea, while three U.S. troops were killed after a drone attack in Jordan. The dollar and U.S. Treasury yields hovered in the middle of recent ranges ahead of a highly anticipated Federal Reserve policy meeting later in the week. Hong Kong’s Hang Seng jumped 1.4%, and a sub-index of mainlan…

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