Asian shares waver ahead of G-20 summit

Published: June 24, 2019 12:55:07 | Updated: June 26, 2019 12:08:29

Shares were wavering in Asia on Monday as investors watched for movement in the China-US trade dispute ahead of the G-20 summit.

Japan’s Nikkei 225 index gained 0.2 per cent to 21,302.38 while in Hong Kong the Hang Seng also added 0.2 per cent to 28,538.39. The Kospi in South Korea edged 0.1 per cent higher 2,128.69.

Australia’s S&P ASX 200 lost 0.1 per cent to 6,643.30 and the Shanghai Composite index declined 0.1 per cent to 2,999.30. Shares fell in Southeast Asia and Taiwan, reports AP.

The S&P 500 index dipped 0.1 per cent to 2,950.46. The Dow Jones Industrial Average dropped 0.1 per cent to 26,719.13. The Nasdaq composite fell 0.2 per cent to 8,031.71.

Smaller company stocks fared worse than the rest of the market. The Russell 2000 index slumped 0.9 per cent to 1,549.63.

The major US stock indexes are up more than 7.0 per cent so far this month and are holding on to gains of more than 14 per cent for the year.

Benchmark crude oil picked up 38 cents to $57.81 per barrel in electronic trading on the New York Mercantile Exchange. It rose 0.6 per cent to settle at $57.43 a barrel on Friday.

Brent crude oil, the international standard, climbed 24 cents to $64.69 per barrel.

The dollar was hovering at 107.40 Japanese yen, up from 107.30 yen on Friday. The euro rose to $1.1381 from $1.1371.

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