61399
Asia Shares Edge Up
Asia Shares Edge Up

Asia Shares Edge Up

Asia Shares Edge Up

Asian shares rose on Monday, taking their cue from gains on Wall Street after strong US job data, though the mood was cautious as oil prices plunged to 3 1/2-month lows on fresh worries of oversupply.
A confluence of major events this week, including an expected interest rate hike by the US Federal Reserve, a potentially divisive election in the Netherlands and a Group of 20 finance ministers’ meeting kept many investors on edge, Reuters reported.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.6%, led by gains in tech-heavy South Korean shares and Taiwanese shares.
China and Hong Kong stocks rebounded on Monday. China’s blue-chip CSI300 index rose 0.6%, to 3,449.57 points by the lunch break, while the Shanghai Composite Index gained 0.4%, to 3,226.41 points.
In Hong Kong, the Hang Seng index rose 0.9% to 23,779.54 points, while the Hong Kong China Enterprises Index gained 1.5% to 10,219.80.
Japanese shares recovered from a weak start to close at a 15-month high. The benchmark Nikkei closed up 29.14 points or 0.15% at 19,633.75, led by defensive stocks as the yen edged up a little bit against the dollar ahead of the results of Wednesday’s Dutch elections. The broader Topix index closed 0.22% higher at 1,577.40.
Australian shares fell slightly, dragged down by financials and energy stocks as investors awaited the FOMC decision due on Wednesday. The benchmark S&P/ASX 200 index dropped 18.30 points or 0.32% at 5,757.30, with ANZ, Commonwealth and NAB closing down less than half a percent each. The broader All Ordinaries index closed 16.60 points or 0.29% lower at 5,794.60.

 

Short URL : https://goo.gl/MjMRrp
  1. https://goo.gl/T7yDmX
  • https://goo.gl/5uB8Bv
  • https://goo.gl/3FBNOY
  • https://goo.gl/H0CwYE
  • https://goo.gl/ED2Uhi

You can also read ...

The rules say that EU countries should have budget deficits below 3% of GDP and public debt below 60% of GDP.
National budgets of six eurozone countries may break the...
Cambodia Sustains Strong Growth
Cambodia’s economy is forecast to grow 6.9% next year,...
UK Slashes Growth Projections
Britain slashed its official projections for economic growth...
All three sides can’t agree on a few key issues.  Top of the list: The manufacturing of cars.
No meaningful progress is being made in NAFTA trade talks...
AT&T-Time Warner Merger Case Politically Motivated
The US Justice Department’s lawsuit to block AT&T’s $85...
Mexico Boosts Minimum Wage
The bittersweet news for Mexico’s poorest workers: the...
Iraq to Resume War Reparations to Kuwait
The UN Security Council’s compensation agency has announced...
Gold Inches Up as Dollar Dips
Gold prices crept up on Wednesday amid a softer dollar, with...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus