Asian Shares rise as Wall Street gains for 3rd straight day
Asian shares rose Wednesday after Wall Street extended its gains for the third straight day, driven by optimism over economies reopening from shutdowns to stem the coronavirus pandemic.
- Japan’s benchmark Nikkei 225 gained 1.1% to 22,581.19 in morning trading.
- Australia’s S&P/ASX 200 rose 0.8% to 5,882.60.
- South Korea’s Kospi surged 2.6% to 2,141.28.
- Australia’s S&P/ASX 200 gained 1% to 5,894.00.
- Hong Kong’s Hang Seng was up 1.1% at 24,258.49.
- The Shanghai Composite added 0.4% to 2,931.90.
Bond yields were mostly higher. The yield on the 10-year Treasury rose to 0.71% from 0.68% late Tuesday.
- Benchmark U.S. crude added 76 cents to $37.57 a barrel. It rose $1.37 to $36.81 a barrel on Tuesday.
- Brent crude oil for August delivery gained 54 cents to $40.11 a barrel.
- The U.S. dollar slipped to 108.62 Japanese yen from 108.67 yen late Tuesday.
- The euro climbed to $1.1200 from $1.1171.