Global
6 years ago

Asian shares inch up amid trade war concerns

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Asian shares inched up on Wednesday, despite jitters over the escalating trade dispute between the US and China.

Japan's benchmark Nikkei 225 added 1.4 per cent in early trading to 23,741.29. Australia's S&P/ASX 200 rose 0.4 per cent to 6,195.70. South Korea's Kospi slipped 0.3 per cent to 2,303.34.

Hong Kong's Hang Seng advanced 1.0 per cent to 27,355.73, while the Shanghai Composite also jumped 1.0 per cent, to 2,726.27.

The S&P 500 index rose 15.51 points, or 0.5 per cent, to 2,904.31. The Dow Jones Industrial Average climbed 184.84 points, or 0.7 per cent, to 26,246.96.

The Nasdaq composite gained 60.32 points, or 0.8 per cent, to 7,956.11. The Russell 2000 index of smaller companies added 7.42 points, or 0.4 per cent, to 1,710.97.

Benchmark US crude inched down 1 cent to $69.84 in electronic trading on the New York Mercantile Exchange. It rose 1.4 per cent to settle at $69.85 a barrel in New York Tuesday.

Brent crude, used to price international oils, fell 7 cents to $78.96 a barrel.

The dollar was flat at 112.37 yen. The euro rose to $1.1675 from $1.1665.

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