Asian shares mixed after Wall Street gains

Dhaka,  Wed,  28 June 2017
Published : 14 Jun 2017, 10:41:57
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Asian shares mixed after Wall Street gains

Asian shares mixed after Wall Street gains
Asian stocks were mixed Wednesday following Wall Street's tech-driven rise as investors waited for word from the US Federal Reserve on a possible interest rate hike.

The Shanghai Composite Index lost 0.5 per cent to 3,137.93 while Tokyo's Nikkei 225 gained 0.1 per cent to 19,915.97. Hong Kong's Hang Seng retreated 0.2 per cent to 25,804.41. 

Sydney's S&P-ASX 200 advanced 0.9 per cent to 5,826.90. Seoul's Kospi lost 0.2 per cent to 2,369.84 and benchmarks in Singapore and Malaysia also retreated. New Zealand, Manila and Jakarta gained.

US stocks bounced back to record highs as investors put an end to a two-day drop for technology companies. Energy and consumer-focused companies also made outsize gains. 

The S&P 500 index picked up 0.5 per cent to 2,440.35. The Dow Jones industrial average rose 0.4 per cent to 21,328.47. 

The Nasdaq composite, which has a large concentration of technology companies, rose 0.7 per cent to 6,220.37.

Benchmark US crude fell 46 cents to $46.00 per barrel in electronic trading on the New York Mercantile Exchange. The contract gained 38 cents on Tuesday to $46.46 a barrel. 

Brent crude, used to price international oils, shed 41 cents to $48.31 a barrel in London. It gained 57 cents the previous session.

The dollar declined to 110.02 yen from Tuesday's 110.04 yen. The euro gained to $1.1250 from $1.1205, according to Reuters.
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