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5 years ago

Asian shares rise, cheered by US stocks buying spree

File Photo (Collected)
File Photo (Collected)

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Asian shares were mostly higher Monday after a buying spree on Wall Street sustained investor optimism into the new week, despite continuing worries over trade tensions.

Japan's benchmark Nikkei 225 rose 0.5 per cent to 21,784.87 and Hong Kong's Hang Seng added 0.4 per cent to 26,290.10. The Shanghai Composite index added 0.2 per cent to 2,685.10 .

India's Sensex climbed 0.3 per cent to 35,569.35. South Korea's Kospi gave up early gains and was flat at 2,093. 03. Australia's S&P/ASX 200 fell 0.6 per cent to 5,698.90.

Shares in Southeast Asia were mixed, while Taiwan's benchmark was flat, reports AP.

The S&P 500 index rose 0.2 per cent to 2,736.27. The Dow Jones Industrial Average gained 0.5 per cent to 25,413.22 and the Nasdaq composite slid 0.2 per cent to 7,247.87.

The Russell 2000 index of smaller companies picked up 0.2 per cent to $1,527.53. But the S&P 500, which finished higher for the second straight day, ended the week with a 1.6 per cent loss.

Benchmark US crude oil added 70 cents to $57.38 a barrel in electronic trading on the New York Mercantile Exchange. It was flat on Friday at $56.68.

Brent crude, used to price international oils, gained 56 cents to $67.32 per barrel.

The dollar fell to 112.74 yen from 112.83 yen late Friday. The euro strengthened to $1.1398 from $1.1417.

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