Asian shares extended gains on Tuesday

Asian shares extended gains on Tuesday and the dollar slipped, with investor sentiment supported by Chinese data and optimism about COVID-19 vaccines.

Asian shares

  • Chinese blue chips added 0.4%, buoyed by data showing China’s industrial output rose 5.6% in August from a year ago, expanding for a fifth straight month.
  • MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 0.3%, for a fourth straight day of gains.
  • Japan’s Nikkei shed 0.8%.
  • South Korean shares rose 0.3%.
  • E-Mini futures for the S&P 500 slipped 0.3%.

  • EUROSTOXX 50 futures eased 0.2%

  • Australia’s S&P/ASX 200 index added 0.1%.

Currency Markets

  • The dollar index slipped to 93.029, dipping further from a one-month high of 93.664 touched last week, with its low last week of 92.695 seen as an immediate support.
  • The euro ticked up to $1.1867, having gained for four straight sessions until Monday.
  • Against the safe-haven yen, the dollar traded at 105.73 yen JPY=, having touched a two-week low of 105.55 yen on Monday.

Commodities

  • Brent crude was down 3 cents, or 0.1%, at $39.58, reversing earlier gains. U.S. West Texas Intermediate (WTI) crude futures were down 2 cents, or 0.1%, at $37.24 a barrel.
  • Gold prices put on 0.3%, extending a sharp rise in the previous session.

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