Asian shares little-change

Dhaka,  Thu,  24 August 2017
Published : 16 May 2017, 12:45:26

Asian shares little-change after Wall Street rise

Asian markets were little-changed on Tuesday following Wall Street's spurt on higher oil prices. Chinese stocks sank after April economic activity weakened.

The Shanghai Composite Index fell 0.7 per cent to 3,068.24 points and Hong Kong's Hang Seng lost 0.5 per cent to 25,238.96. Tokyo's Nikkei 225 gained 0.2 per cent to 19,904.17.

Seoul's Kospi added 0.1 per cent to 2,293.70. Sydney's S&P-ASX 200 was unchanged at 5,839.90. Benchmarks in New Zealand, Taiwan and Singapore declined, while Malaysia and the Philippines gained.

Benchmark US crude gained 20 cents to $49.05 per barrel in electronic trading on the New York Mercantile Exchange. The contract soared $1.01 on Monday to close at $48.85. 

Brent crude, used to price international oils, added 21 cents to $52.03 in London. It gained 98 cents on Monday.

The dollar declined to 113.51 yen from Monday's 113.79 yen. The euro edged up to $1.0987 from $1.0975, according to AP.
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