Asian stocks rose on Tuesday, bolstered by new momentum in Sino-U.S.
Asian stocks rose on Tuesday, bolstered by new momentum in Sino-U.S. efforts to end their acrimonious trade dispute and as Chinese e-commerce giant Alibaba made a strong Hong Kong debut in the world’s largest share sale this year.
- MSCI’s broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) rose 0.4% to a one-week high.
- Australian shares (AXJO) were up 0.83%.
- Japan’s Nikkei stock index (N225) rose 0.54%.
- The pan-region Euro Stoxx 50 futures (STXEc1) were up 0.03%.
- German DAX futures (FDXc1) were up 0.12%.
- FTSE futures (FFIc1) were up 0.14% on Tuesday.
- The yen fell to 109.205 per dollar, the lowest since Nov. 12, as safe-haven demand waned.
- The yuan briefly rose to a one-week high of 7.0188 versus the dollar.
- U.S. crude (CLc1) was flat at $58.01 a barrel.
- Brent crude (LCOc1) rose 0.09% to $63.71 per barrel.