Asian shares rise on upbeat earnings

Dhaka,  Thu,  21 September 2017
Published : 02 Aug 2017, 11:34:22
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Asian shares rise on upbeat earnings

Asian shares rise on upbeat earnings
Asian stock markets were higher on Wednesday following the Dow industrial's record-high finish as upbeat corporate earnings reports and China factory data boosted investor confidence. 

Apple's surprise earnings report pushed up share prices of its Asian suppliers.

Japan's Nikkei 225 rose 0.6 per cent to 20,108.10 and South Korea's Kospi gained 0.3 per cent to 2,430.30. Hong Kong's Hang Seng index advanced 0.5 per cent to 27,667.39.

The Shanghai Composite index added 0.1 per cent to 3,294.41. Australia's ASX/S&P 200 bucked the region's trend, falling 0.5 per cent to 5,742.90 as commodity prices dropped. 

Stocks in Southeast Asia were mostly higher.

US stocks finished higher on Tuesday. The S&P 500 index rose 0.2 per cent to 2,476.35. The Dow Jones industrial average climbed 0.3 per cent to 21,963.92, closing at a record high for the fifth day in a row. 

Nasdaq composite added 0.2 per cent to 6,362.94. The Russell 2000 index of smaller-company stocks gained 0.2 per cent to 1,428.33

Benchmark US crude fell 49 cents to $48.67 per barrel in electronic trading on New York Mercantile Exchange. The contract shed $1.01, or 2 per cent, to close at $49.16 a barrel on Tuesday. 

Brent crude, the international standard, lost 47 cents to $51.31 per barrel in London. It dropped 94 cents, or 1.8 per cent, to finish at $51.78 a barrel on Tuesday.

The dollar rose to 110.84 yen from 110.36 yen. The euro strengthened to $1.1825 from $1.1802, according to AP.
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