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6 years ago

Asian share markets rise after Wall Street gains

File Photo (Collected)
File Photo (Collected)

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Asian stock markets rose Friday after Wall Street hit a new high and a survey showed Japanese manufacturing accelerating.

The Shanghai Composite Index rose 1.4 per cent to 2,766.86 and Tokyo's Nikkei 225 advanced 1 per cent to 23,905.76. Seoul's Kospi added 0.4 per cent to 2,332.94.

Sydney's S&P-ASX 200 gained 0.2 per cent to 6,181.90. India's Sensex was 0.7 per cent higher at 37,369.88 and benchmarks in Taiwan, New Zealand and Southeast Asia also advanced.

The Dow Jones industrial average and S&P 500 index set records as a wave of buying pushed prices higher. Technology stocks, banks and health care companies accounted for much of the rally.

Energy companies declined along with crude oil prices. The S&P 500 rose 0.8 per cent to 2,930.75. The Dow gained 1 per cent to 26,656.98. The Nasdaq composite climbed 1 per cent to 8,028.23.

Benchmark US crude fell 6 cents to $70.26 per barrel in electronic trading on the New York Mercantile Exchange. The contract lost 55 cents on Thursday to close at $70.32.

Brent crude, used to price international oils, advanced 6 cent to $78.28 per barrel in London. It tumbled 70 cents the previous session to $78.22.

The dollar gained to 112.77 yen from Thursday's 112.46 yen. The euro slipped to $1.1784.

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