Asian shares mostly higher despite pullback on Wall Street
TOKYO — Asian shares were mostly higher on Tuesday with little major news to drive trading. Japan’s benchmark edged lower, while Hong Kong’s Hang Seng index rose as China’s finance minister expressed confidence over the government’s ability to handle rising levels of debt.
KEEPING SCORE: The Nikkei 225 stock index in Tokyo edged 0.2 per cent lower to 19,344.15 but most other indexes gained. The Hang Seng gained 0.4 per cent to 23,690.44 and the Shanghai Composite index added 0.1 per cent to 3,238.31. Australia’s S&P ASX 200 climbed 0.2 per cent to 5,755.10 and South Korea’s Kospi gained 0.7 per cent to 2,095.07. India’s Sensex fell 0.3 per cent to 28,972.71 while shares in Taiwan and Southeast Asia were higher.
WALL STREET: U.S. stocks finished lower Monday for the second time in the last three trading days, with losses in banks, investment firms and insurance companies. The Standard & Poor’s 500 index lost 0.3 per cent to 2,375.31, the Dow Jones industrial average shed 0.2 per cent to 20,954.34 and the Nasdaq composite fell 0.4 per cent to 5,849.17. Some analysts have turned cautious after the rapid gains of recent months.
TRUMP WATCH: Without any major financial news to drive trading, investors are watching for the latest developments from the U.S. Federal Reserve and U.S. President Donald Trump. Overnight, Trump’s administration released a revised version of border restrictions for travellers from majority-Muslim countries.