The Financial Express
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Asian shares rise after US stocks gain

| Updated: October 17, 2017 23:35:34

Asian shares rise after US stocks gain

Asian stock markets were mostly higher Tuesday after Wall Street gained as investors looked ahead to this week's gathering of central bankers in Jackson Hole, Wyoming.


The Shanghai Composite Index gained 0.2 per cent to 3,292.30 points and Hong Kong's Hang Seng advanced 1 per cent to 27,437.76. Seoul's Kospi added 0.4 per cent to 2,364.57.


Tokyo's Nikkei 225 shed 0.1 per cent to 19,379.75. Sydney's S&P-ASX 200 advanced 0.2 per cent to 5,738.70 and India's Sensex gained just under 0.1 per cent to 31,282.90, reports AP.


Benchmarks in Taiwan, New Zealand, Singapore and Bangkok rose while Malaysia and the Philippines declined.


The S&P 500 index steadied following losses. Companies are mostly finished reporting quarterly results and profits and revenue were stronger than expected. The S&P 500 rose 0.1 per cent to 2,428.37.


The Dow Jones industrial average gained 0.1 per cent to 21,703.75 and the Nasdaq composite slipped 0.1 per cent to 6,213.13.


Benchmark US crude gained 17 cents to $47.70 per barrel in electronic trading on the New York Mercantile Exchange. The contract lost $1.13 on Monday to close at $47.53.


Brent crude, used to price international oils, rose 16 cents in London to $51.82. It shed $1.06 the previous session to $51.66.


The dollar gained to 109.21 yen from Monday's 108.97. The euro declined to $1.1808 from $1.1815.

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