Asian shares rise mostly

Dhaka,  Mon,  25 September 2017
Published : 15 Aug 2017, 11:57:53

Asian shares rise as political turmoil eases

Asian shares rose Tuesday as both Koreas and the US appeared to indicate a willingness to defuse the crisis over North Korea's nuclear programme. 

A rally on Wall Street, on the back of strong technology shares, also helped the Asian stocks. 

Japan's benchmark Nikkei 225 gained 1.3 per cent to 19,789.13 in morning trading. Australia's S&P/ASX 200 added 0.7 per cent to 5,770.90. South Korea's Kospi rose 0.6 per cent to 2,334.22. 

Hong Kong's Hang Seng added 1.4 per cent to 27,250.23, while the Shanghai Composite was up 0.8 per cent at 3,262.54.

The S&P 500 jumped 24.52 points, or 1.0 per cent, to 2,465.84. The Dow Jones industrial average gained 135.39 points, or 0.6 per cent, to 21,993.71. The Nasdaq composite added 83.68 points, or 1.3 per cent, to 6,340.23.

US crude oil added 8 cents to $47.67 a barrel. It lost $1.23 to $47.59 a barrel in New York Monday. Brent crude, the international standard, rose 13 cents to $50.86 a barrel in London.

The dollar rose to 110.19 yen from 109.57 yen late Monday in Asia. The euro fell to $1.1784 from $1.1816, according to AP.
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