Asian shares rise on Wall Street optimism

FILE - This Thursday, Oct. 2, 2014, file photo, shows the facade of the New York Stock Exchange. U.S. stock indexes took a small step back from their record levels on Monday, Jan. 8, 2018, as their momentum slowed following a torrid start to the year. (AP Photo/Richard Drew, File)

TOKYO — Asian shares rose Tuesday, cheered by the upbeat mood on Wall Street and hopes for U.S. economic growth.

KEEPING SCORE: Japan's benchmark Nikkei 225 added 0.5 percent in morning trading to 23,843.70. Australia's S&P/ASX 200 rose 0.2 percent to 6,142.10. South Korea's Kospi gained nearly 0.2 percent to 2,517.57. Hong Kong's Hang Seng added 0.3 percent to 30,993.36, while the Shanghai Composite inched up nearly 0.1 percent to 3,411.05.

WALL STREET: The Standard & Poor's 500 index rose to another record, for the fifth straight sessions, gaining 4.56 points, or 0.2 percent, to 2,747.71. The last time the index led off a year with more consecutive gains was in 2010, when it had six. The Dow Jones industrial average slipped 12.87, or 0.1 percent, to 25,283.00, the Nasdaq composite rose 20.83, or 0.3 percent, to 7,157.39 and the Russell 2000 index of small-cap stocks gained 1.80, or 0.1 percent, to 1,561.81.

THE QUOTE: "A continuation of Monday's bullish glow look set for Asian markets into Tuesday with few data points to observe," says Jingyi Pan, market strategist at IG in Singapore.

KOREAS: The region is closely watching developments from talks between delegates from North Korea and South Korea, the first such talks in two years. North Korea's leader Kim Jong Un recently made an abrupt push for improved ties with South Korea after a year of elevated tensions over his expanding nuclear and missile programs.

CURRENCIES: The dollar slipped to 112.63 yen from 113.13 yen late Monday. The euro fell to $1.1970 from $1.2032.

ENERGY: Benchmark U.S. crude added 48 cents to $62.21 a barrel. It rose 29 cents to settle at $61.73 per barrel Monday. Brent crude, the international standard, gained 47 cents to $68.25 per barrel.

____

Follow Yuri Kageyama on Twitter at https://twitter.com/yurikageyama

Her work can be found at https://www.apnews.com/search/yuri%20kageyama

People also read these

Investors to seek any hint of Yellen timetable on rate hikes

Aug 26, 2016

Investors to seek any hint in Yellen speech of a timetable for next rate hikes

Yellen suggests rate hike is coming but offers no timetable

Aug 26, 2016

Yellen says 'the case for an increase' in rates has strengthened but offers no timetable

Iowa at center of debate over 'shadow insurance' deals

Aug 30, 2016

Life insurance companies are setting up "shadow insurers" to take on some of their liabilities and free up some of their reserves

Subscribe to our newsletter!

Your Name

Your Email Address