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Asia stocks rise as Wall Street hits new highs; Brent holds above $60 per barrel

SINGAPORE — Reserves in Asia-Pacific were mostly higher in Tuesday trade following overnight gains on Wall Street that saw the greater indexes rallying to record closing highs.

Mainland Chinese stocks nudged higher in early trade, with the Shanghai composite take flight slightly and the Shenzhen component gaining 0.57%. Hong Kong’s Hang Seng index advanced 0.16%.

In Japan, the Nikkei 225 stimulate 0.32% in early trade while the Topix index was near the flatline. South Korea’s Kospi rose 0.88%.

Allocations in Australia lagged as the S&P/ASX 200 fell 0.43%.

MSCI’s broadest index of Asia-Pacific shares traded 0.26% higher.

Brent superior to before $60 a barrel

Currencies

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.881 as it struggled to make back again from a recent slip from levels above 91.2.

The Japanese yen traded at 105.12 per dollar after strengthening from flats around 105.6 against the greenback. The Australian dollar changed hands at $0.7715, above levels below $0.764 assisted late last week.

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