|Published : 18 Oct 2016, 11:11:19|
Asian stocks rise ahead of china economic data
Asian stock markets rose on Tuesday ahead of China's release of quarterly growth data and a policy meeting of the European Central Bank later in the week.
Japan's Nikkei 225 added 0.1 per cent to 16,920.86 while South Korea's Kospi gained 0.3 per cent to 2,033.14. Australia's S&P/ASX 200 rose 0.4 percent to 5,412.50.
Hong Kong's Hang Seng index gained 0.9 per cent to 23,239.97 and China's Shanghai Composite Index advanced 0.5 per cent to 3,056.93.
Stocks in Southeast Asia were mostly higher. But Thailand's main index dropped 0.6 per cent.
Wall Street closed moderately lower on Monday. The Dow Jones industrial average lost 51.98 points, or 0.3 per cent, to 18,086.40. The S&P 500 index slid 6.48 points, or 0.3 per cent, to 2,126.50. The Nasdaq composite index fell 14.34 points, or 0.3 per cent, to 5,199.82.
US benchmark crude oil added 29 cents to $50.23 per barrel in New York. The contract fell 41 cents, or 0.8 per cent, to close at $49.94 a barrel on Monday.
Brent crude, the international standard, gained 33 cents at $51.85 a barrel in London.
The dollar weakened to 103.82 yen from 103.87 on Friday, while the euro strengthened to $1.1023 from $1.1002, according to a news agency report.