Asian shares edge higher

Dhaka,  Fri,  21 July 2017
Published : 11 Jul 2017, 11:51:02
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Asian shares rise ahead of yellen testimony

Asian shares were slightly higher on Tuesday following a listless day of trading on Wall Street. Investors are awaiting Federal Reserve chair Janet Yellen's testimony to Congress. 

Japan's Nikkei 225 index gained 0.4 per cent to 20,156.64 on expectations the yen will weaken further against the dollar. Hong Kong's Hang Seng added 1.1 per cent to 25,773.10. 

The Kospi in South Korea climbed 0.2 per cent to 2,387.96 while Australia's S&P ASX 200 edged 0.1 per cent higher to 5,728.60. The Shanghai Composite index slipped 0.3 per cent to 3,202.21.

Shares in Southeast Asia were mixed. 

The S&P 500 index added 0.1 per cent to 2,427.43 while the Dow Jones industrial average was almost flat at 21,408.52. The Nasdaq composite rose 0.4 per cent, to 6,176.39. 

Benchmark US crude gained 15 cents to $44.55 a barrel in electronic trading on the New York Mercantile Exchange. It added 17 cents to settle at $44.40 a barrel on Monday. 

Brent crude, used to price international oils, climbed 17 cents to $47.05 a barrel.

The dollar rose to 114.19 from 114.04 yen late Monday. The euro slipped to $1.1394 from $1.1400, reports AP.
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