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Asian shares advance, Japan slips
Published in Saudi Press Agency on 09 - 02 - 2017

Shares were mostly higher in Asia on Thursday after the Nasdaq composite set a new record for the second day in a row. Japan's benchmark fell back as the dollar held steady ahead of meetings between Prime Minister Shinzo Abe and President Donald Trump, AP reported.
Japan's Nikkei 225 stock index lost 0.5 percent to 18,907.67 but most other indices were higher. Hong Kong's Hang Seng index gained 0.1 percent to 23,502.27 and the Kospi in South Korea advanced 0.2 percent, to 2,068.26. The Shanghai Composite index climbed 0.3 percent to 3,176.87. Australia's S&P ASX/200 edged 0.2 percent lower to 5,664.60, while shares in Southeast Asia were mostly higher.
The Standard & Poor's 500 index rose 1.59 points, or 0.1 percent, to 2,294.67. The Dow Jones industrial average fell 35.95 points, or 0.2 percent, to 20,054.34. The Nasdaq added 8.24 points, or 0.2 percent, to 5,682.45. The index also closed at a record high on Tuesday and last Friday. The Russell 2000 index of small-company stocks fell 2.32 points, or 0.2 percent, to 1,358.74. Corporate earnings are sustaining gains: More than half of the companies in the S&P 500 index have reported quarterly results so far, and roughly 60 percent have posted earnings that beat financial analysts' estimates. Coca-Cola, Twitter and Viacom are among the big companies due to report results Thursday.
Benchmark U.S. crude gained 22 cents to $52.56 a barrel in electronic trading on the New York Mercantile Exchange. It rose 17 cents, or 0.3 percent, to close at $52.34 a barrel in New York. Brent crude, the benchmark for international oil prices, added 26 cents to $55.38 a barrel. It climbed 7 cents, or 0.1 percent, to close at $55.12 a barrel in London.
The dollar rose to 112.17 yen from 111.98 yen on Wednesday. The euro weakened to $1.0682 from $1.0688.


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