AFP, Hong Kong :
Asian markets advanced Tuesday, with Tokyo boosted by a weaker yen and Shanghai’s recovery continuing, but falling commodity prices fuelled fears about global growth.
With concerns easing about the Greek debts crisis and Chinese market rout, dealers are now focusing on when the US Federal Reserve will hike interest rates as the US economy gets back on track.
Tokyo rose 0.93 percent, or 191.05 points, to 20,841.97 — close to an 18-year high-and Sydney climbed for a sixth straight session, putting on 0.35 percent, or 19.8 points, to 5,706.7. Seoul gained 0.50 percent, or 10.31 points, to 2,083.62.
In afternoon trade Shanghai was 0.99 percent higher, breaking the key 4,000 point barrier, and Hong Kong added 0.70 percent.
Buying was also supported by another positive lead from Wall Street, where the Nasdaq ended at a record high for the third straight session, adding 0.17 percent.
The Dow gained 0.08 percent and the S&P 500 finishing up 0.08 percent higher, just short of an all-time high.
On currency markets, the dollar hit a five-week high against the yen as investors position for a rate hike, which is widely expected to come in either September or December.
Asian markets advanced Tuesday, with Tokyo boosted by a weaker yen and Shanghai’s recovery continuing, but falling commodity prices fuelled fears about global growth.
With concerns easing about the Greek debts crisis and Chinese market rout, dealers are now focusing on when the US Federal Reserve will hike interest rates as the US economy gets back on track.
Tokyo rose 0.93 percent, or 191.05 points, to 20,841.97 — close to an 18-year high-and Sydney climbed for a sixth straight session, putting on 0.35 percent, or 19.8 points, to 5,706.7. Seoul gained 0.50 percent, or 10.31 points, to 2,083.62.
In afternoon trade Shanghai was 0.99 percent higher, breaking the key 4,000 point barrier, and Hong Kong added 0.70 percent.
Buying was also supported by another positive lead from Wall Street, where the Nasdaq ended at a record high for the third straight session, adding 0.17 percent.
The Dow gained 0.08 percent and the S&P 500 finishing up 0.08 percent higher, just short of an all-time high.
On currency markets, the dollar hit a five-week high against the yen as investors position for a rate hike, which is widely expected to come in either September or December.
