Asian shares rise after Wall Street health-care-led rally

Asian shares surged Tuesday after a rally in U.S. stocks, mostly spurred by health care companies’ announcements of developments that could aid in the coronavirus outbreak.

Asian Shares

  • Japan’s benchmark Nikkei 225 rose 0.8% in morning trading to 19,243.91.
  • Australia’s S&P/ASX 200 added 2.0% to 5,285.50.
  • South Korea’s Kospi picked up 1.6% to 1,743.84.
  • Hong Kong’s Hang Seng stood at 23,517.68, up 1.5%.
  • Shanghai Composite gained 06% to 2,764.16.
  • The S&P 500 rose 3.4% Monday for its fourth gain in the last five days.

Commodities

  • Benchmark U.S. crude added $1.44 to $21.53.
  • Oil started the year above $60 and has plunged on expectations that a weakened economy will burn less fuel.

Currencies

  • The dollar was trading at $108.50, down from $107.57 Monday.
  • The euro inched down to $1.1028 from $1.1094.

 

 

 

 

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