Asian Stocks rose on Tuesday

Asian stocks were higher on Tuesday as investors digested signs of progress on trade negotiations and speculation of government stimulus to shore up economic growth.

Asian Stocks

  • MSCI’s broadest index of Asia-Pacific shares outside Japan was traded at 0.31%.
  • Japan’s Nikkei rose 0.45%.
  • The S&P 500 gaining 1.21%.

Currencies

  • The Japanese yen was up 0.1% to 106.56 per dollar.
  • The offshore yuan was stable at 7.0746 per dollar.
  • The Swiss franc was last quoted at 0.9815 per dollar, near a two-week low.
  • The euro traded at $1.1088, up 0.1%.

Bonds

  • The yield on 10-year Treasuries fell about two basis points to 1.59%.
  • Australia’s 10-year bond yield rose three basis points to 0.94%.

Commodities

  • Oil was mostly steady at above $59 a barrel amid concerns about tensions in the Middle East.
  • Gold’s spot price was flat at $1,495.16 after sliding 1.2%.

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