Regional markets positive

Business | 23 Sep 2019 11:01 am

Asian shares started higher today on hopes of an interim Sino-U.S. tariff deal after the two countries described their talks as “productive” and “constructive”, while oil gained by more than 1 percent as Middle East tensions remained elevated.

Australian shares added 0.4 percent while New Zealand's benchmark index was 0.2 percent higher.

Seoul stocks erased earlier gains late morning. After opening higher, the benchmark Korea Composite Stock Price Index (KOSPI) fell 4.58 points, or 0.22 percent, to 2,086.94 as of 11:20 a.m local time. The local stock market had risen for the past 11 sessions.

The Tokyo financial markets are closed for a holiday.

That left MSCI’s broadest index of Asia-Pacific shares outside Japan up by 0.5 percent at 511.28 points. It is up by 3.4 percent so far in September.-Reuters/The Standard

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