Asian stock mostly higher

Dhaka,  Sat,  03 December 2016
Published : 01 Dec 2016, 11:12:05

Asian stock mostly higher after china factory data

Asian stock mostly higher
Asian stock markets moved mostly higher on Thursday as upbeat factory data from China boosted investor sentiment. 

Japan's Nikkei 225 jumped 2.3 per cent to 18,727.25 while South Korea's Kospi was nearly flat at 1,982.69. China's Shanghai Composite Index added 0.5 per cent to 3,264.96.

Hong Kong's Hang Seng index gained 0.7 per cent to 22,941.13. Stocks in Australia, Taiwan, Singapore and other Southeast Asian countries were also higher.

US stocks finished mostly lower Wednesday. The S&P 500 index lost 5.85 points, or 0.3 per cent, to 2,198.81 and the Nasdaq composite dropped 56.24 points, or 1.1 points, to 5,323.68. 

The 30-member Dow Jones industrial average closed up 1.98 points, or 0.01 per cent, to 19,123.58.

Oil prices were mixed after they surged on Wednesday thanks to the output cut agreement among OPEC nations, which collectively produce more than one-third of the world's oil. 

They agreed to trim production by 1.2 million barrels a day starting in January. The price of US crude lost 8 cents to $49.36 a barrel in New York. 

The contract surged $4.21, or 9.3 per cent, to close at $49.44 a barrel on Wednesday, the biggest one-day gain since February. 

Brent crude, the international benchmark, gained 6 cents to $51.90 a barrel in London.

The dollar rose to 114.48 yen from 114.44 yen. The euro was flat at $1.0595, according to a news agency report.

-SRS-
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