|Published : 18 Apr 2017, 11:31:23|
Asian stocks mixed as geopolitical tensions lessen
Asian stocks were mixed Tuesday as tensions over the situation on the Korean Peninsula softened somewhat following US Vice President Mike Pence's departure from South Korea for Japan.
A strong post-Easter finish on Wall Street provided upward momentum.
Japan's benchmark Nikkei 225 index added 0.2 per cent to 18,398.24 while South Korea's Kospi slipped 0.2 per cent to 2,140.80. Hong Kong's Hang Seng shed 1.0 per cent to 24,016.88.
The Shanghai Composite Index edged less than 0.1 per cent higher to 3,223.61. Australia's S&P/ASX 200 fell 1.1 per cent to 5,824.10. Shares in Taiwan and Southeast Asia were higher.
Major US benchmarks ended higher. The S&P 500 index climbed 0.9 per cent to close at 2,349.01. The Dow Jones industrial average rose 0.9 per cent to 20,636.92.
The Nasdaq composite jumped 0.9 per cent to 5,856.79.
Oil prices slipped. Benchmark US crude futures lost 12 cents to $52.53 a barrel in electronic trading on the New York Mercantile Exchange. The contract lost 53 cents, or 1 per cent, to settle at $52.65 a barrel.
Brent crude, used to price international oils, crept 2 cents lower to $55.34 per barrel in London.
The dollar strengthened to 109.03 yen from 108.90 yen in late trading Monday. The euro rose to $1.0652 from $1.0643, reports AP.