Asian shares edge up after corporate gains boost US market

Published: July 25, 2018 14:04:26 | Updated: July 26, 2018 16:05:39

File Photo (Collected)

Asian shares rose Wednesday after US stocks ended higher on strong corporate earnings amid US-Chinese trade tensions.

Tokyo’s Nikkei 225 index gained 0.4 per cent to 22,598.47 and the Shanghai Composite Index added 0.1 per cent to 2,908.14. Hong Kong’s Hang Seng advanced 0.8 per cent to 28,893.

India’s Sensex was 0.1 per cent higher at 36,848.34. Benchmarks in New Zealand and Southeast Asia also advanced.

However, Sydney’s S&P-ASX 200 lost 0.3 per cent to 6,243.70 and Seoul’s Kospi was off 8 points at 2,272.90. Taiwan also declined.

The S&P 500 index rose 0.5 per cent to 2,820.40. The Dow Jones Industrial Average gained 0.8 per cent to 25,241.94. The Nasdaq composite lost 1.11 points to 7,840.77, reports AP.

Benchmark US crude gained 19 cents to $68.71 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose 63 cents on Tuesday to close at $68.52.

Brent crude, used to price international oils, added 45 cents to $73.89 per barrel in London. It advanced 38 cents the previous session to $73.44.

The dollar gained to 111.30 yen from Tuesday’s 111.17 yen. The euro declined to $1.1679 from $1.1686.

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