Asian shares mixed; China share rises

Published: July 15, 2019 12:20:38 | Updated: July 17, 2019 10:57:30

File Photo (AP)

Asian shares were mixed on Monday, led by gains in Chinese markets after the government reported that the economy grew at the slowest pace in a decade in the last quarter.

The Shanghai Composite index gained 0.8 per cent to 2,952.85 while Hong Kong’s Hang Seng index gained 0.2 per cent to 28,532.85. Australia’s S&P ASX 200 fell 0.3 per cent to 6,673.60.

In South Korea, the Kospi edged 0.1 per cent lower to 2,084.40. India’s Sensex climbed 0.5 per cent to 38,912.85, while shares fell in Taiwan and Singapore.

Japan’s markets were closed for a national holiday, reports AP.

The mixed day in Asia followed a rally Friday in New York that pushed major US stock indexes to record highs, with the S&P 500 ending above 3,000 for the first time.

The Dow Jones Industrial Average gained 0.9 per cent to 27,332.03. The S&P 500 rose 0.5 per cent to 3,013.77 and the Nasdaq composite index advanced 0.6 per cent to 8,244.14. All were record highs.

The yield on the benchmark US 10-year Treasury note was 2.12 per cent compared to the multi-year low of 1.95 per cent the bond hit only 10 days ago.

Benchmark crude oil fell 17 cents to $60.04 per barrel in electronic trading on the New York Mercantile Exchange. It rose 1 cent to settle at $60.21 a barrel Friday in New York.

Brent crude oil, the international standard, lost 8 cents to $66.64 a barrel.

The dollar rose to 108.05 Japanese yen from 107.91 yen on Friday. The euro was flat at $1.1271.

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