Asian shares rise buoyed by news on coronavirus vaccine
Asian shares rose Tuesday, after the Dow Jones Industrial Average hit a record high on optimism that a vaccine may soon control the coronavirus and the economic destruction it’s caused.
- Japan’s benchmark rose 0.2% to 25,968.22 in morning trading, after momentarily reaching a 29-year high of above 26,000.
- Australia’s S&P/ASX 200 gained 0.4% to 6,512.00. South Korea’s Kospi added 0.3% to 2,550.76.
- Hong Kong’s Hang Seng edged up 0.1% to 26,415.34.
- The Shanghai Composite was little changed but slightly higher at 3,347.15.
- In energy trading, benchmark U.S. crude oil climbed 9 cents to $41.434 per barrel amid hopes that a healthier economy would burn more fuel.
- Brent crude, the international standard, rose $1.04 to $43.82 per barrel.
- In currency trading, the dollar declined to 104.49 Japanese yen from 104.90 yen.
- The euro cost $1.1865, down from $1.1845.