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Asian shares rise on Wall Street gains amid trade friction

Asian shares rise on Wall Street gains amid trade friction
Business
KEEPING SCORE: Japan s benchmark Nikkei 225 added 0.1 per cent to 21,524.02, and Australia s S&P/ASX 200 gained 0.5 per cent to 5,685.50 in early trading. South Korea s Kospi rose 0.1 per cent to 2,070.83. Hong Kong s Hang Seng inched up less than 0.1 per cent to 26,164.46, while the Shanghai Composite was also up less than 0.1 per cent at 2,606.52. Shares were also higher in Indonesia and Taiwan.

ANALYST S TAKE: "Clouded with much uncertainty, markets will likely remain jittery and may struggle to hold on to the gains," says Jayden Loh, a Trader at IG in Singapore.

WALL STREET: The S&P 500 index fell 4.11 points, or 0.2 per cent, to 2,695.95. The benchmark index had been down as much as 2.9 per cent. The Dow dropped 79.40 points, or 0.3 per cent, to 24,947.67. The average briefly slumped as much as 784 points. The technology-heavy Nasdaq composite reversed an early loss to finish with a gain, adding 29.83 points, or 0.4 per cent, to 7,188.26. The Russell 2000 index of small-company stocks gave up 3.34 points, or 0.2 per cent, to 1,477.41. U.S. stock and bond trading were closed Wednesday because of a national day of mourning for President George H.W. Bush.

ENERGY: U.S. benchmark crude fell 24 cents to $51.25 a barrel. It dropped 2.6 per cent to $51.49 a barrel in New York. Brent crude, used to price international oils, dipped 39 cents to $59.67.
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