TOKYO — Asian shares were mostly higher Tuesday amid doubts about the prospects for resolving the trade dispute between the U.S. and China.
KEEPING SCORE: Japan's benchmark Nikkei 225 gained 0.3 per cent in morning trading to 22,273.82 and South Korea's Kospi added 0.9 per cent to 2,268.16. Hong Kong's Hang Seng climbed 0.5 per cent to 27,729.63, and the Shanghai Composite jumped 1.4 per cent to 2,737.13. Shares were higher in Taiwan and Southeast asia but Australia's S&P/ASX 200 lost 0.9 per cent to 6,288.60.
WALL STREET: The S&P 500 rose 0.2 per cent to 2,857.05. The Dow Jones Industrial Average climbed 0.3 per cent to 25,758.69. The Nasdaq composite recovered from a morning slide, adding 0.1 per cent to 7,821.01 and the Russell 2000 index of smaller-company stocks also rebounded, picking up 0.3 per cent to 1,698.69.
TRADE TENSIONS: Investors are closely watching for any progress on ending the trade dispute between the U.S. and China. The costly, dueling tariffs between them are rattling global markets. Hopes rose late last week on news that China will send an envoy to Washington this month to discuss a way out of the standoff before President Donald Trump and Chinese President Xi Jinping meet in November.
ENERGY: U.S. benchmark crude added 11 cents to $65.53 per barrel in New York in electronic trading on the New York Mercantile Exchange. It added 21 cents to $65.42 on Monday. Brent crude, the standard for international oil prices, rose 4 cents to $72.25 per barrel in London.
CURRENCIES: The dollar rose to 110.09 yen from 110.06 yen late Monday. The euro strengthened to $1.1522 from $1.1484.
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Yuri Kageyama, The Associated Press