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Asian shares rise after US deal with Mexico

Published: June 11, 2019 12:04:33 | Updated: June 13, 2019 11:04:35


File Photo (Collected)

Asian shares were mostly higher on Tuesday after US President Donald Trump suspended plans to impose tariffs on Mexican imports and said he expects to meet with the Chinese leader.

Japan's benchmark Nikkei 225 rose 0.4 per cent in morning trading to 21,208.09. Australia's S&P/ASX 200 added 1.3 per cent to 6,528.30. South Korea's Kospi gained 0.3 per cent to 2,105.37.

Hong Kong's Hang Seng stood at 27,820.63, up nearly 0.9 per cent, while the Shanghai Composite edged up 1.9 per cent at 2,905.44, reports AP.

The S&P 500 index gained 13.39 points, or 0.5 per cent, to 2,886.73. The benchmark index rose 4.4 per cent last week, its best weekly performance of 2019. It's now about 2.0 per cent below its record set on April 30.

The Dow Jones Industrial Average rose 78.74 points, or 0.3 per cent, to 26,062.68. The Nasdaq composite climbed 81.07 points, or 1.1 per cent, to 7,823.17.

The Russel 2000 index of smaller companies gained 9.17 points, or 0.6 per cent, to 1,523.56.

Benchmark US crude rose 31 cents to $53.57 a barrel. It slid 1.4 per cent to $53.26 a barrel on Monday. Brent crude oil, the international standard, was up 19 cents at $62.48 a barrel.

The dollar was unchanged at 108.60 yen. The euro rose to $1.1315 from $1.1307.

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