Shares were higher in Asia, with the Shanghai Composite up 1.3% as China's central bank stepped up its intervention by channeling another 400 billion yuan ($57 billion) in extra funds into the market. Japan's Nikkei 225 index gained 0.6% to 23,104.76, while the Kospi in South Korea jumped 2% to 2,158.30. Australia's S&P ASX/200 rose 0.4% to 6,948.70, while the Hang Seng in Hong Kong climbed 1.0% to 26,628.96. The Shanghai Composite jumped 1.3% to 2,783.45. The Sensex in India gained 2%, AP reported. Benchmark U.S. crude gained 52 cents to $50.63 per barrel in electronic trading on the New York Mercantile Exchange. It tumbled $1.45, or 2.8%, on Monday to settle at $50.11 per barrel on worries about demand. It had been above $63 toward the start of the year, before the virus outbreak. Brent crude, the international standard, added 45 cents to $54.90 per barrel. It fell $2.17, or 3.8%, to settle at $54.45 per barrel overnight. In currency trading, the dollar rose to 108.87 Japanese yen from 108.69 yen. The euro was flat at $1.1061.
