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The Financial Express

Asian shares rise after Wall Street rally

| Updated: January 20, 2018 11:56:22


Representational image (Collected) Representational image (Collected)

Asian shares were broadly higher on Thursday after technology, financial and health care related shares helped push the Wall Street to record high.

Traders in Asian region are awaiting the release of Chinese GDP figures later Thursday.

Japan’s benchmark Nikkei 225 jumped 0.7 per cent to 24,050.53 as the yen weakened against the US dollar. Australia’s S&P/ASX 200 added 0.1 per cent to 6,024.40.

South Korea’s Kospi rose 0.4 per cent to 2,524.62. Hong Kong’s Hang Seng gained 0.2 per cent to 32,049.94, while the Shanghai Composite added 0.3 per cent to 3,453.28.

Shares in Taiwan and Southeast Asia were higher, according to AP.

US stocks rose on Wednesday. The Dow surged 1.3 per cent to 26,115.65. The S&P 500 index climbed 0.9 per cent to 2,802.56 and the Nasdaq added 1.0 per cent to 7,298.28.

Benchmark crude rose 26 cents to $64.23 a barrel in electronic trading on the New York Mercantile Exchange. It added 24 cents to $63.97 per barrel on Wednesday.

Brent crude, used to price international oils, rose 21 cents to $69.59 a barrel.

The dollar rose to 111.48 yen from 110.77 yen late Wednesday in Asia. The euro fell to $1.2175 from $1.2207.

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