Asian shares mixed ahead of US trading holiday

Published: July 04, 2017 08:34:41 | Updated: October 23, 2017 13:58:26


Asian shares were mixed on Tuesday ahead of a US trading holiday, while Australian shares jumped as investors awaited an interest rate decision by the central bank.

Australia's S&P/ASX surged 1.8 per cent to 5,785.10 while Japan's benchmark Nikkei 225 index added 0.4 per cent to 20,141.21. South Korea's Kospi slipped 0.2 per cent to 2,390.77.

Hong Kong's Hang Seng slipped 0.2 per cent to 25,730.80. The Shanghai Composite Index lost 0.4 per cent to 3,184.29. Taiwan's benchmark fell and indexes in Southeast Asia were mixed.

Major US benchmarks had a mixed finish in a shortened trading session ahead of the July 4 Independence Day holiday. The S&P 500 index added 0.2 per cent to 2,429.02.

The Dow Jones industrial average rose 0.6 per cent to 21,479.27. The Nasdaq composite lost 0.5 per cent to a six-week low of 6,110.06.

Oil's rally fizzled. Benchmark US crude lost 25 cents to $46.82 a barrel in electronic trading on the New York Mercantile Exchange. The contract gained $1.03 to settle at $47.07 a barrel in New York on Monday.

Brent crude, used to price international oils, fell 25 cents to $49.43 a barrel in London.

The dollar eased to 113.24 yen from 113.42 yen in late trading Monday. The euro climbed to $1.1368 from $1.1361, according to AP.

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