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Asian shares boosted by Wall Street on Tuesday

Business Desk |
Update: 2015-11-17 04:18:00
Asian shares boosted by Wall Street on Tuesday Photo Courtesy: sbs.com.au

DHAKA: Asian shares were higher following Wall Street's positive close, as global markets largely held firm despite Friday’s terror attacks in Paris.

Japan’s benchmark Nikkei 225 index closed up 1.22% at 19,630.63, reports the BBC.

Shares in Japanese exporters were lifted as the dollar strengthened against the yen on expectations of a US interest rate rise in December.

A weaker yen is good for Japan’s big exporters as it makes their products cheaper to buy overseas.

The dollar neared a one-week high in Asia trade at 123.39 yen, compared with 123.18 in New York.

In Australia, Sydney’s benchmark S&P/ASX 200 index closed up 2.3% at 5,118.20.

After falling on Monday over worries about air travel following the Paris attacks, several airlines saw their shares recover on Tuesday.

Qantas shares closed up 5.29%, while Virgin Australia shares finished the day up 2.33%.

In China, Hong Kong’s Hang Seng index closed up 1.15% at 22,264.25, while the Shanghai Composite lost earlier gains to close nearly flat, down 0.06%, at 3,604.80.

In South Korea, the benchmark Kospi index closed up 1.06% at 1,963.58.

BDST: 1516 HRS, Nov 17, 2015
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