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Asian shares edge up ahead to Fed

Published: June 17, 2019 10:54:01 | Updated: June 18, 2019 13:46:59


File Photo (Reuters)

Asian shares were mostly higher Monday amid a wait-and-see attitude about the direction of interest rates and the trade dispute between the US and China.

Japan's benchmark Nikkei 225 gained 0.3 per cent to 21,170.63 in morning trading. Australia's S&P/ASX 200 lost 0.3 per cent to 6,535.50, while South Korea's Kospi edged up nearly 0.2 per cent to 2,099.26.

Hong Kong's Hang Seng gained 1.2 per cent to 27,447.42, while the Shanghai Composite was up 0.2 per cent at 2,888.58.

On Wall Street, stocks ended a choppy week of trading with modest losses, reports AP.

The S&P 500 index fell 4.66 points, or 0.2 per cent, to 2,886.98 on Friday. The Dow Jones Industrial Average dropped 17.16 points, or 0.1 per cent, to 26,089.61.

The Nasdaq composite slid 40.47 points, or 0.5 per cent, to 7,796.66. The Russell 2000 index of small company stocks dropped 13.30 points, or 0.9 per cent, to 1,522.50.

Benchmark crude oil added 15 cents to $52.66 a barrel. It rose 0.4 per cent to settle at $52.51 a barrel Friday. Brent crude oil, the international standard, added 29 cents to $62.30 a barrel.

The dollar rose to 108.57 Japanese yen from 108.23 yen on Friday. The euro weakened to $1.1222 from $1.1263.

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