Asian Shares mostly higher; Wall St rally
Asian shares were mostly higher on Tuesday after the Nasdaq composite touched a fresh record as enthusiasm about reopening the economy pushed Wall Street still higher.
- Japan’s benchmark Nikkei 225 lost 0.4% to finish at 23,091.03.
- South Korea’s Kospi was flat at 2,184.57.
- Hong Kong’s Hang Seng jumped 1.7% to 25,189.65.
- The Shanghai Composite index gained 0.4% to 2,949.87.
- Australia’s S&P/ASX 200 jumped 2.4% to 6,144.90, tracking Wall Street’s recent gains.
- The market was closed on Monday for a public holiday.
- Shares rose in Taiwan and Singapore.
Treasury yields have been climbing in recent days, reflecting rising expectations in the market for the economy and inflation.
- The 10-year Treasury yield dipped to 0.85% on Tuesday from 0.87% late Monday. It’s up sharply from 0.66% a week earlier.
- Benchmark U.S. crude oil gained 40 cents to $38.59 per barrel in electronic trading on the New York Mercantile Exchange.
- It fell $1.36 to $38.19 a barrel on Monday. Brent crude oil rose 34 cents to $41.14 a barrel.
- The U.S. dollar fell to 108.03 Japanese yen from 108.44 yen.
- The euro was virtually unchanged at $1.1288 from $1.1289.