Asian shares mostly higher after Wall Street gains

| Updated: October 23, 2017 20:38:25

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Shares in Japan and Hong Kong gained Tuesday, tracking an overnight rally on Wall Street, where indexes set fresh record highs.

Australia’s S&P/ASX 200 fell, and the South Korean and Shanghai markets were closed for national holidays, according to AP.

Japan’s benchmark Nikkei 225 jumped 0.9 per cent to 20,583.20 as the yen weakened against the US dollar, boosting export shares. Hong Kong’s Hang Seng added 1.6 per cent to 28,000.45.

Australia’s S&P/ASX 200 lost 0.4 per cent to 5,705.10. India’s Sensex gained 0.6 per cent to 31,474.06 and shares in Southeast Asia were mixed.

The S&P 500 index rose 0.4 per cent to 2,529.12. The Dow Jones industrial average advanced 0.7 per cent to 22,557.60. The Nasdaq composite gained 0.3 per cent to 6,516.72.

Benchmark US crude fell 17 cents to $50.41 a barrel in electronic trading on the New York Mercantile Exchange. It lost $1.09, or 2.1 per cent, to $50.58 a barrel overnight in New York.

Brent crude, the standard for international oil prices, shed 24 cents to $55.88 a barrel in London.

The dollar rose to 113.12 yen from 112.87 yen late Monday in Asia. The euro fell to $1.1706 from $1.1733.

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