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7 years ago

Asian shares mostly higher

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Most Asian stock markets rose Monday after major Wall Street indexes hit new highs and China reported unexpectedly strong economic growth.

Hong Kong's Hang Seng gained 0.3 per cent to 26,476.30 points and Seoul's Kospi added 0.3 per cent to 2,322.80. The Shanghai Composite Index lost 1.0 per cent to 3,189.10.

Japanese markets were closed for a holiday. Australia's S&P-ASX 200 was unchanged at 5,762.90. Benchmarks in Taiwan, Singapore and Manila also rose.

The S&P 500 index gained 0.5 per cent to 2,459.27. The Dow rose 0.4 per cent to 21,637.74. The Nasdaq composite added 0.6 per cent to 6,312.47.

Benchmark US crude gained 12 cents to $46.66 per barrel in electronic trading on the New York Mercantile Exchange.

The dollar gained to 112.66 yen from Friday's 112.52. The euro declined to $1.1460 from $1.1471, reports AP.

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