clear
Saturday April 21st, 2018 1:17PM

Asian shares slightly higher amid geopolitical tensions

By The Associated Press
Related Articles
  Contact Editor

TOKYO (AP) — Asian shares were mostly higher but little changed Tuesday, as global investors were relieved to see that the attack on Syria likely won't escalate but worries remained about U.S.-China trade tensions.

KEEPING SCORE: Japan's benchmark Nikkei 225 erased initial gains to be virtually unchanged, up less than 0.1 percent at 21,837.39 in morning trading. Australia's S&P/ASX 200 added 0.3 percent to 5,860.00. South Korea's Kospi was little changed at 2,455.87, erasing initial gains. Hong Kong's Hang Seng added 0.1 percent at 30,349.97, while the Shanghai Composite edged up less than 0.1 percent at 3,111.73.

CHINA FACTOR: China's economic growth held steady in the quarter ending in March, buoyed by investment and rapid growth in e-commerce despite trade tensions with Washington. The world's second-largest economy expanded by 6.8 percent over a year earlier, in line with the quarter ending in December and down slightly from 2017's full-year expansion of 6.9 percent, data showed Tuesday.

GEOPOLITICAL FACTOR: Investors are starting to put aside concerns over the geopolitical tensions that led to Friday night's missile attack by the U.S., Britain and France on Syria's chemical weapons program. On Monday, the White House said it was considering imposing additional sanctions on Russia, a key ally of Syrian leader Bashar Assad.

WALL STREET: The S&P 500 index rose 21.54 points, or 0.8 percent, to 2,677.84. The Dow Jones industrial average gained 212.90 points, or 0.9 percent, to 24,573.04. The Nasdaq added 49.63 points, or 0.7 percent, to 7,156.28. The Russell 2000 index of smaller-company stocks picked up 13.52 points, or 0.9 percent, to 1,563.03.

THE QUOTE: "Concerns on situation in Syria have eased as market saw U.S.-led air strikes largely as a one-off event rather than an ongoing crisis," said Zhu Huani of Mizuho Bank in Singapore. "While there have been tentative evidences of de-escalation of trade tension, there are still lingering risks beneath the surface."

ENERGY: Benchmark U.S. crude added 35 cents to $66.57 a barrel. It declined $1.17 to settle at $66.22 per barrel on the New York Mercantile Exchange on Monday. Brent crude, which is used to price international oils, rose 27 cents to $71.69 per barrel.

CURRENCIES: The dollar fell to 107.05 yen from 107.21 yen late Monday. The euro strengthened to $1.2380 from $1.2366.

____

Follow Yuri Kageyama on Twitter at https://twitter.com/yurikageyama

Her work can be found at https://www.apnews.com/search/yuri%20kageyama

  • Associated Categories: Associated Press (AP), AP Business, AP Business - Economy, AP Business - Financial Markets
© Copyright 2018 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Inmate: Bodies stacked in 'macabre woodpile' in prison riot
South Carolina officials are blaming the prison riot that killed seven inmates on a turf war between gangs over territory, money and contraband items like cellphones
11:24PM ( 6 minutes ago )
Quirky 'Night Court' actor Harry Anderson dies at age 65
Harry Anderson, actor who played quirky night shift judge in the TV sitcom "Night Court" has died at 65 in North Carolina home
11:17PM ( 13 minutes ago )
Asian shares slightly higher amid geopolitical tensions
Asian shares are mostly higher but little changed, as global investors are relieved to see that the attack on Syria likely won't escalate but worries remain about U.S.-China trade tensions
11:15PM ( 15 minutes ago )
Associated Press (AP)
Hannity shares world view with Trump, and lawyer, too
Fox News star Sean Hannity is revealed as a client of Trump attorney Michael Cohen in a New York court hearing
10:29PM ( 1 hour ago )
China's Weibo site backtracks on gay censorship after outcry
One of China's top social networking sites has announced that it will no longer be "cleaning up" content related to homosexuality following strong online opposition to the plan
10:25PM ( 1 hour ago )
Times, New Yorker win Pulitzer for Weinstein scandal
The New York Times and The New Yorker have won the Pulitzer Prize for public service for their reporting on Harvey Weinstein and sexual misconduct that galvanized the #MeToo movement
10:25PM ( 1 hour ago )
AP Business
White House says Russia sanctions still under consideration
The White House scrambled Monday to walk back U.N. Ambassador Nikki Haley's weekend announcement that new economic sanctions against Russia are imminent, but stressed the penalties are still being considered
6:52PM ( 4 hours ago )
Allegiant Air under fire after '60 Minutes' safety report
Allegiant Air is under fire following a new investigation that raises serious safety concerns about the discount airline
5:39PM ( 5 hours ago )
Tech, health care stocks are big gainers as US indexes rally
Investors shrugged off geopolitical jitters, sending U.S. stocks broadly higher, extending the market's gains from last week
4:33PM ( 6 hours ago )
AP Business - Economy
Stocks stable, oil drops after US-led air strikes on Syria
Global stock markets are stable and the price of oil is down as investors seem convinced that U.S.-led air strikes on Syria will not escalate
7:02AM ( 16 hours ago )
World shares meander following US-led air strikes on Syria
World shares mixed following weekend air strikes on Syria; Chinese benchmarks leading retreat
5:59AM ( 17 hours ago )
Asian shares meander following US-led air strikes on Syria
Asian shares mixed following weekend air strikes on Syria, Chinese benchmarks leading retreat
3:36AM ( 19 hours ago )
AP Business - Financial Markets
Inmate: Bodies stacked in 'macabre woodpile' in prison riot
South Carolina officials are blaming the prison riot that killed seven inmates on a turf war between gangs over territory, money and contraband items like cellphones
11:24PM ( 6 minutes ago )
Quirky 'Night Court' actor Harry Anderson dies at age 65
Harry Anderson, actor who played quirky night shift judge in the TV sitcom "Night Court" has died at 65 in North Carolina home
11:17PM ( 13 minutes ago )
Wade turns back the clock and 76ers in Game 2 Heat victory
Dwyane Wade turned in a vintage performance and scored 28 points to spoil the 76ers' 17-game winning streak and led the Miami Heat to a 113-103 Game 2 win over Philadelphia
11:06PM ( 24 minutes ago )
Harper hits broken-bat HR, helps Nats rally past Mets 8-6
Bryce Harper hit a startling, broken-bat homer early, then grounded a key single during a six-run surge in the eighth inning that sent the Washington Nationals past the New York Mets 8-6
10:54PM ( 35 minutes ago )
Trump lawyer forced to reveal another client: Sean Hannity
President Donald Trump's personal attorney has been forced to reveal that another of his clients is Fox News host Sean Hannity
10:46PM ( 44 minutes ago )