Asian shares mostly higher; Nikkei jumps

Published: July 13, 2018 11:54:30 | Updated: July 14, 2018 12:25:41

Asian shares are mostly higher, rebounding from jitters over the US-China trade disputes for a second straight day.

Japan’s Nikkei 225 jumped 1.3 per cent to 22,483.13 and South Korea’s Kospi gained 0.8 per cent to 2,302.32. Hong Kong’s Hang Seng index added 0.3 per cent to 28,578.86.

But Shanghai Composite Index in mainland China fell 0.6 per cent to 2,821.73. In Australia, S&P-ASX 200 dipped 0.2 per cent to 6,255.10.

Stocks in Singapore, Taiwan and other Southeast Asian markets were higher, reports AP.

US stocks finished higher on Thursday led by tech companies. The S&P 500 index rose 0.9 per cent to 2,798.29. The Dow Jones Industrial Average gained 0.9 per cent to 24,924.89.

The Nasdaq jumped 1.4 per cent to 7,823.92, closing at an all-time high. The Russell 2000 index of smaller-company stocks added 0.4 per cent to 1,690.28.

Benchmark US crude lost 2 cents to $70.31 per barrel in electronic trading on the New York Mercantile Exchange. The contract dipped 0.1 per cent to settle at $70.33 a barrel on Thursday.

Brent crude, used to price international oils, fell 35 cents to $74.10 per barrel in London. It finished 1.4 per cent higher at $74.45 per barrel on Thursday.

The dollar rose to 112.65 yen from 112.52 yen. The euro fell slightly to $1.1666 from $1.1672.

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