Asian shares higher after Wall Street advance

Published: October 06, 2017 15:28:54 | Updated: October 25, 2017 00:46:20


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Mostly of the Asian shares were higher on Friday after the Standard & Poor's 500 index logged an eighth straight day of gains.

Japan's Nikkei 225 index climbed 0.3 per cent to 20,685.86 and the Hang Seng index in Hong Kong advanced 0.3 per cent to 28,465.07. Australia's S&P ASX/200 surged 1.0 per cent to 5,710.70, reports AP.

India's Sensex jumped 0.6 per cent to 31,782.28. Shares in Southeast Asia and Taiwan also were higher. Regional trading was subdued with markets in Shanghai and South Korea still closed for holidays.

The S&P 500 rose 0.6 per cent to 2,552.07 and the Dow Jones industrial average gained 0.5 per cent to 22,775.39. The Nasdaq composite added 0.8 per cent to 6,585.36.

The dollar rose to 112.98 Japanese yen from 112.83 yen late Thursday. The euro slipped to $1.1696 from $1.1711 and the British pound dropped $1.3080 from $1.3119.

Benchmark US crude slipped 7 cents to $50.72 per barrel in electronic trading on the New York Mercantile Exchange. It added 81 cents to $50.79 on Thursday.

Brent crude, the standard for international oil prices, gained 2 cents to $57.02 per barrel.

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