Asian shares advance after US markets rally

Dhaka,  Fri,  23 June 2017
Published : 21 Apr 2017, 14:20:56
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Asian shares advance after US markets rally

Asian shares advance after US markets rally
Asian shares rose on Friday ahead of the first round of voting in France's closely watched presidential election after Wall Street rallied on strong corporate earnings.

Tokyo's Nikkei 225 gained 0.8 per cent to 18,575.26 and the Shanghai Composite Index edged up 0.1 per cent to 3,174.40. Hong Kong's Hang Seng advanced 0.2 per cent to 24,093.32.

Sydney's S&P-ASX 200 added 0.6 per cent to 5,855.90. Seoul's Kospi rose 0.8 per cent to 2,166.96 and India's Sensex advanced 0.2 per cent to 29,471.34. 

Benchmarks in New Zealand, Taiwan and Southeast Asia also advanced.

US stocks climbed as corporate results left investors feeling better about the economy. The Dow Jones industrial average rose 0.9 per cent to 20,578.81. The S&P 500 index advanced 0.8 per cent to 2,355.84. 

The Nasdaq composite gained 0.9 per cent to a new high of 5,916.78.

Benchmark US crude gained 6 cents to $50.77 per barrel in electronic trading on the New York Mercantile Exchange. The contract shed 14 cents on Thursday to close at $50.71. 

Brent crude, used to price international oils, lost 1 cent in London to $52.98. It rose 6 cents the previous session to $52.99.

The dollar declined to 109.22 yen from Thursday's 109.32 yen. The euro was steady at $1.0717, according to AP.
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