BANGKOK : Shares were mostly higher in Asia on Friday after a turbulent day on Wall Street ended with the Dow Jones Industrial Average closing above 27,000 for the first time.
Japan’s Nikkei 225 index rose 0.2% to 21,685.90 and the Hang Seng in Hong Kong added 0.2% to 28,477.83. The Shanghai Composite index also climbed 0.4% to 2,930.55, while Australia’s S&P ASX 200 lost 0.3% to 6,696.50. South Korea’s Kospi climbed 0.3% to 2,086.66. Shares fell in Taiwan, Jakarta and Bangkok but rose in Singapore.
Regional investors were watching for Chinese trade data due out later Friday.
The Wall Street milestones came on a day when the S&P 500 briefly topped 3,000 for the second straight day before the rally ran out of steam
Stocks have been trending higher for much of the week as investors have grown more confident that the Federal Reserve may cut interest rates for the first time in a decade as soon as the end of this month.
The S&P 500 rose 0.2% to 2,999.91 and has set three straight record highs. The Dow gained 0.8% to 27,088.08. The Nasdaq composite gave up an early gain, sliding 0.1% to 8,196.04, while the Russell 2000 index of smaller company stocks dropped 0.5% to 1,557.92.
Benchmark crude oil rose 45 cents to $60.65 per barrel in electronic trading on the New York Mercantile Exchange. On Thursday, it lost 23 cents to settle at $60.20 a barrel. Brent crude oil, the international standard, added 52 cents to $67.04 per barrel. It dropped 49 cents to close at $66.52 a barrel in London.
The dollar fell to 108.34 Japanese yen from 108.50 yen on Thursday. The euro strengthened to $1.1272 from $1.1254.