AP, Tokyo :
Asian shares rose Tuesday as both Koreas and the U.S. appeared to indicate a willingness to defuse the crisis over North Korea’s nuclear program. A rally on Wall Street, on the back of strong technology shares, also helped.
KEEPING SCORE: Japan’s benchmark Nikkei 225 gained 1.3 percent to 19,789.13 in morning trading. Australia’s S&P/ASX 200 added 0.7 percent to 5,770.90. South Korea’s Kospi rose 0.6 percent to 2,334.22. Hong Kong’s Hang Seng added 1.4 percent to 27,250.23, while the Shanghai Composite was up 0.8 percent at 3,262.54.
WALL STREET: The S&P 500 jumped 24.52 points, or 1 percent, to 2,465.84. The Dow Jones industrial average gained 135.39 points, or 0.6 percent, to 21,993.71. The Nasdaq composite added 83.68 points, or 1.3 percent, to 6,340.23.
THE QUOTE: “The markets continue to recover from last week’s disorder as U.S. equities orchestrated a splendid showing recouping some of the sharp losses from last Friday, as investor confidence returns with the de-escalation of North Korea tension,” says Stephen Innes, head of trading for Asia at OANDA.
ENERGY: U.S. 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.
CURRENCIES: The dollar rose to 110.19 yen from 109.57 yen late Monday in Asia. The euro fell to $1.1784 from $1.1816.
Asian shares rose Tuesday as both Koreas and the U.S. appeared to indicate a willingness to defuse the crisis over North Korea’s nuclear program. A rally on Wall Street, on the back of strong technology shares, also helped.
KEEPING SCORE: Japan’s benchmark Nikkei 225 gained 1.3 percent to 19,789.13 in morning trading. Australia’s S&P/ASX 200 added 0.7 percent to 5,770.90. South Korea’s Kospi rose 0.6 percent to 2,334.22. Hong Kong’s Hang Seng added 1.4 percent to 27,250.23, while the Shanghai Composite was up 0.8 percent at 3,262.54.
WALL STREET: The S&P 500 jumped 24.52 points, or 1 percent, to 2,465.84. The Dow Jones industrial average gained 135.39 points, or 0.6 percent, to 21,993.71. The Nasdaq composite added 83.68 points, or 1.3 percent, to 6,340.23.
THE QUOTE: “The markets continue to recover from last week’s disorder as U.S. equities orchestrated a splendid showing recouping some of the sharp losses from last Friday, as investor confidence returns with the de-escalation of North Korea tension,” says Stephen Innes, head of trading for Asia at OANDA.
ENERGY: U.S. 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.
CURRENCIES: The dollar rose to 110.19 yen from 109.57 yen late Monday in Asia. The euro fell to $1.1784 from $1.1816.
