Asian shares rise on optimism around G-20 meeting

Published: June 27, 2019 14:05:22 | Updated: July 02, 2019 12:51:59

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Asian shares advanced on Thursday ahead of a meeting between President Donald Trump and Chinese leader Xi Jinping at the G-20 summit in Japan this week.

Tokyo's benchmark Nikkei 225 rose 0.8 per cent to 21,262.10 and the Kospi in South Korea climbed 0.9 per cent to 2,139.91. Hong Kong's Hang Seng was up 0.9 per cent at 28,466.09.

The Shanghai Composite jumped 0.7 per cent to 2,995.82 and Australia's S&P/ASX 200 added 0.1 per cent to 6,644.90. Shares rose in Taiwan and throughout Southeast Asia, reports AP.

Wall Street made early gains Wednesday on optimism over the talks. But the rally fizzled and most major benchmarks were lower at the closing bell.

The S&P 500 index eased 0.1 per cent to 2,913.78 and the Dow Jones Industrial Average shed less than 0.1 per cent to 26,536.82. The Nasdaq composite added 0.3 per cent to 7,909.97.

The Russell 2000 index of smaller company stocks slipped 0.2 per cent to 1,517.78.

Benchmark US crude lost 16 cents to $59.22 a barrel. It picked up $1.55 to settle at $59.38 a barrel on Wednesday. Brent crude oil, the international standard, shed 21 cents to $65.48 a barrel.

The contract gained $1.41 to $65.69 a barrel in the previous session.

The dollar rose to 107.97 yen from 107.79 yen late Wednesday. The euro weakened to $1.1364 from $1.1371.

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