Asian markets were mixed Tuesday in narrow trading on doubts that US and China can manage to resolve their festering trade dispute.
Japan’s benchmark Nikkei 225 lost 0.4 per cent to 21,127.00 and South Korea’s Kospi added less than 0.1 per cent to 2,055.07. Hong Kong’s Hang Seng edged 0.1 per cent higher to 25,768.25.
The Shanghai Composite rose 0.3 per cent to 2,586.47. Australia’s S&P/ASX 200 added 0.2 per cent to 5,562.50. Shares rose in Taiwan but fell in Singapore and Indonesia, reports AP.
The S&P 500 index rose 0.2 per cent to 2,637.72 and the Dow Jones Industrial Average added 0.1 per cent to 24,423.26. The technology-heavy Nasdaq composite rose 0.7 per cent to 7,020.52.
The Russell 2000 index of smaller-company stocks dropped 0.3 per cent to 1,443.09.
Oil prices began to recover Tuesday from a sharp decline. They have erased their gains from news of a production cut by OPEC countries and other major oil producers.
US benchmark crude added 22 cents to $51.22 a barrel. It gave up 3.1 per cent to $51 a barrel in New York on Monday.
Brent crude, used to price international oils, rose 30 cents to $60.27. The contract dropped 2.8 per cent to $59.97 a barrel in London.
The dollar weakened to 113.08 yen from 113.34 yen late Monday. The euro rose to $1.1366 from $1.1355.
