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The Financial Express

Asian shares rise on upbeat Japan data

Published: December 08, 2017 13:45:05 | Updated: December 10, 2017 15:52:37


File Photo (Collected) File Photo (Collected)

Asian share indexes advanced Friday on healthy quarterly economic data from Japan, after US stocks ended higher on Thursday.

Japan's benchmark Nikkei 225 index rose 1.1 per cent to 22,741.23 and South Korea's Kospi advanced 0.2 per cent to 2,466.71. Hong Kong's Hang Seng rose 0.6 per cent to 28,480.70.

The Shanghai Composite in mainland China added 0.3 per cent to 3,280.13. Australia's S&P/ASX 200 climbed 0.3 per cent to 5,993.60.

Major US benchmarks perked higher following a weeklong lull. The S&P 500 rose 0.3 per cent to 2,636.98, the Dow Jones industrials average rose 0.3 per cent to 24,211.48.

The Nasdaq composite gained 0.5 per cent to 6,812.84, according to AP report.

Oil futures retreated. Benchmark US crude slipped 7 cents to $56.62 a barrel in electronic trading on the New York Mercantile Exchange. The contract added 73 cents to settle at $56.69 per barrel.

Brent crude, the international standard, rose lost 8 cents to $62.12 a barrel in London.

The dollar rose to 113.36 Japanese yen from 113.10 yen late Thursday. The euro dipped to $1.766 from $1.1774.

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