Asian shares rose Wednesday after Wall Street extended its gains for the third straight day, driven by optimism over economies reopening from shutdowns to stem the coronavirus pandemic.
Asian Shares
- Japan’s benchmark Nikkei 225 gained 1.1% to 22,581.19 in morning trading.
- Australia’s S&P/ASX 200 rose 0.8% to 5,882.60.
- South Korea’s Kospi surged 2.6% to 2,141.28.
- Australia’s S&P/ASX 200 gained 1% to 5,894.00.
- Hong Kong’s Hang Seng was up 1.1% at 24,258.49.
- The Shanghai Composite added 0.4% to 2,931.90.
Bonds
Bond yields were mostly higher. The yield on the 10-year Treasury rose to 0.71% from 0.68% late Tuesday.
Oil Price
- Benchmark U.S. crude added 76 cents to $37.57 a barrel. It rose $1.37 to $36.81 a barrel on Tuesday.
- Brent crude oil for August delivery gained 54 cents to $40.11 a barrel.
Currency Markets
- The U.S. dollar slipped to 108.62 Japanese yen from 108.67 yen late Tuesday.
- The euro climbed to $1.1200 from $1.1171.