Regional markets rise

Business | 11 Sep 2019 12:43 pm

Asian shares were mostly higher today, cheered by a rise on Wall Street amid some signs of easing tensions between the U.S. and China on trade issues.

Japan's benchmark Nikkei 225 added 0.6 percent to 21,514.14 in morning trading.

Australia's S&P/ASX 200 inched up by 0.1 percent to 6,622.60. South Korea's Kospi added 0.6% to 2,043.72.

On Wall Street, investors continued to flock to smaller-company stocks they see as being better shielded from the fallout of the costly trade war between the U.S. and China than large multinationals.

The S&P 500 index inched up 0.96 points, or less than 0.1 percent, to 2,979.39. The Dow Jones Industrial Average added 73.92 points, or 0.3 percent, to 26,909.43. The average was briefly down 118 points. The Nasdaq, which is heavily weighted with technology stocks, slid by 3.28 points, or less than 0.1 percent, to 8,084.16. The Russell 2000 index of smaller-company stocks led the gainers, adding 18.76 points, or 1.2 percent, to 1,542.99.

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