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Asia stocks rise as Wall Street hits new highs; Brent holds above $60 per barrel - CNBC

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SINGAPORE — Stocks in Asia-Pacific were mostly higher in Tuesday trade following overnight gains on Wall Street that saw the major indexes rallying to record closing highs.

Mainland Chinese stocks nudged higher in early trade, with the Shanghai composite rising slightly and the Shenzhen component gaining 0.57%. Hong Kong's Hang Seng index advanced 0.16%.

In Japan, the Nikkei 225 rose 0.32% in early trade while the Topix index was near the flatline. South Korea's Kospi rose 0.88%.

Shares in Australia lagged as the S&P/ASX 200 fell 0.43%.

MSCI's broadest index of Asia-Pacific shares traded 0.26% higher.

Brent above $60 a barrel

Oil prices were higher in the morning of Asia trading hours, with international benchmark Brent crude futures about 0.66% higher at $60.96, holding above the $60 per barrel mark recently crossed for the first time in more than a year. U.S. crude futures also gained about 0.6% to $58.33 per barrel.

Shares of oil companies in Asia-Pacific advanced, with Australia's Santos up 1.21% and Woodside Petroleum gaining 0.12%. Japan's Inpex also rose 2.87% while Hong Kong-listed shares of PetroChina jumped 1.26%.

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.

Currencies

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.881 as it struggled to recover from a recent slip from levels above 91.2.

The Japanese yen traded at 105.12 per dollar after strengthening from levels around 105.6 against the greenback. The Australian dollar changed hands at $0.7715, above levels below $0.764 seen late last week.

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Asia stocks rise as Wall Street hits new highs; Brent holds above $60 per barrel - CNBC
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