Asian shares rise on trade hopes, weak yen

Asian shares gained on Tuesday as investors hoped a new round of U.S.-China trade talks would help to resolve a dispute that has dented global growth and some corporate earnings.

Asian Shares

Market sentiment also got a boost on news U.S. lawmakers had reached a tentative deal on border security funding that could help avert another partial government shutdown due to start on Saturday.

  • Britain’s FTSE gaining 0.25 percent.
  • Germany’s DAX and France’s CAC each adding 0.5 percent.
  • MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.3 percent.
  • The Shanghai Composite Index rose 0.35 percent.
  • South Korea’s KOSPI climbed 0.6 percent.
  • Australian shares were up 0.3 percent.
  • Japan’s Nikkei advanced 2.6 percent after a market holiday on Monday


Growing evidence of a loss of momentum in the global economy has also lifted the U.S. currency, most recently led by the European Commission’s downgrade of growth in Europe, making the dollar a better investment option by default.

  • The dollar index rose to its highest in almost three months at 97.123.
  • The euro dropped to as low as $1.1267.
  • The dollar popped up to a six-week high of 110.65 yen.


Oil prices ticked up after falls on Monday.

  • U.S. crude futures traded at $52.68 per barrel, up 0.5 percent.
  • Brent crude rose 0.6 percent to $61.89 per barrel.

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