Asian shares mixed in lacklustre trade

Tuesday, 13 March 2018

Asian shares were mixed in lacklustre trade on Tuesday, as the investors are keeping a close eye on tensions over trade following US President's announcement of hikes on steel and aluminum tariffs.

Japan's Nikkei 225 index edged 0.2 per cent higher to $21,875.43 while South Korea's Kospi added 0.1 per cent to 2,486.31. The Hang Seng in Hong Kong fell 0.3 per cent to 31,507.76.

The Shanghai Composite index also declined 0.2 per cent to 3,319.12. Australia's S&P ASX 200 dropped 0.5 per cent to 5,965.00.

Shares rose in Taiwan and were mixed in Southeast Asia, with the SET in Thailand falling 0.2 per cent, reports AP.

US stocks were split Monday as technology companies climbed while Boeing and other industrial companies gave back some of the ground they won on Friday.

The S&P 500 index 0.1 per cent to 2,783.02 and the Dow Jones industrial average declined 0.6 per cent to 25,178.61.

Benchmark US crude fell 13 cents to $61.23 a barrel in electronic trading on the New York Mercantile Exchange. It lost 68 cents, or 1.1 per cent, to $61.36 a barrel in New York.

Brent crude, used to price international oils, gave up 12 cents to $64.83 per barrel. It shed 54 cents to $64.95 a barrel in London.

The dollar rose to 106.66 yen from 106.41 late Monday. The euro fell to $1.2330 from $1.2336.