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.

Asian Stocks

  • 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.

Currency

  • 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.

Commodities

  • U.S. crude (CLc1) was flat at $58.01 a barrel.
  • Brent crude (LCOc1) rose 0.09% to $63.71 per barrel.
Source: Investing.com

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