SINGAPORE — Stocks in Asia-Pacific were mostly higher in Tuesday trade following overnight gains on Wall Street that saw the major indexes rallying to record closing highs.
Mainland Chinese stocks led gains among the region’s major markets, with the Shanghai composite up 1.44% in afternoon trade, and the Shenzhen component rising 2.16%. Hong Kong’s Hang Seng index advanced 0.50%.
In Japan, the Nikkei 225 rose 0.23% in afternoon trade while the Topix index slipped 0.18%.
South Korea’s Kospi rose 0.39%. The S&P/ASX 200 in Australia fell 0.86%.
MSCI’s broadest index of Asia-Pacific shares gained 0.46%.
Brent above $60 a barrel
Overnight on Wall Street, the Dow Jones Industrial Average rose 237.52 points to close at a record high of 31,385.76. The S&P 500 gained 0.7% to a fresh closing high of 3,915.59 while the Nasdaq Composite jumped 1% to 13,987.64, also touching a new record.
Currencies
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.732 as it struggled to recover from a recent slip from levels above 91.2.
The Japanese yen traded at 104.85 per dollar after strengthening from levels around 105.6 against the greenback yesterday. The Australian dollar changed hands at $0.7725, above levels below $0.764 seen late last week.
Source: CNBC