Asia-Pacific stocks mixed as Wall Street hits new highs; Brent crosses $60 per barrel
- Major indexes on Wall Street rose to new record highs overnight, with the Dow Jones Industrial Average and S&P 500 notching six straight days of gains.
- Shares of oil companies in Asia-Pacific advanced in Tuesday, with the gains coming after international benchmark Brent crude futures rose above $60 per barrel for the first time in more than a year.
SINGAPORE — Stocks in Asia-Pacific were mixed in Tuesday morning trade following overnight gains on Wall Street that saw the major indexes rallying to record closing highs.
In Japan, the Nikkei 225 rose 0.20% in early trade while the Topix index was near the flatline. South Korea's Kospi rose 0.85%.
Shares in Australia lagged as the S&P/ASX 200 fell 0.20%.
Shares of oil companies in Asia-Pacific advanced, with Australia's Santos up 1.49% and Woodside Petroleum gaining 0.74%. Japan's Inpex also rose 1.43%. The moves came after international benchmark Brent crude futures rose above $60 per barrel for the first time in more than a year.
Overnight stateside, the Dow Jones Industrial Average rose 237.52 points to close at a record high of 31,385.76. The S&P 500 gained 0.7% to a fresh closing high of 3,915.59 while the Nasdaq Composite jumped 1% to 13,987.64, also touching a new record.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.934 as it struggled to recover from a recent slip from levels above 91.2.
The Japanese yen traded at 105.18 per dollar after strengthening from levels around 105.6 against the greenback. The Australian dollar changed hands at $0.7704, above levels below $0.764 seen late last week.
Source: Read Full Article