Asian shares rise after US stocks rally


FE Team | Published: January 09, 2018 13:00:57 | Updated: January 10, 2018 14:15:24


File Photo (Collected)

Asian shares extended gains on Tuesday, after S&P 500 index rose for the fifth straight sessions.

Japan’s benchmark Nikkei 225 added 0.5 per cent in morning trading to 23,843.70. Australia’s S&P/ASX 200 rose 0.2 per cent to 6,142.10. South Korea’s Kospi gained nearly 0.2 per cent to 2,517.57.

Hong Kong’s Hang Seng added 0.3 per cent to 30,993.36, while the Shanghai Composite inched up nearly 0.1 per cent to 3,411.05, reports AP.

The Standard & Poor’s 500 index rose to another record, for the fifth straight sessions, gaining 4.56 points, or 0.2 per cent, to 2,747.71.

The Dow Jones industrial average slipped 12.87, or 0.1 per cent, to 25,283.00, the Nasdaq composite rose 20.83, or 0.3 per cent, to 7,157.39.

The dollar slipped to 112.63 yen from 113.13 yen late Monday. The euro fell to $1.1970 from $1.2032.

Benchmark US crude added 48 cents to $62.21 a barrel. It rose 29 cents to settle at $61.73 per barrel Monday. Brent crude, the international standard, gained 47 cents to $68.25 per barrel.

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