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Asian shares mixed after trade talks show progress

| Updated: April 10, 2019 12:14:20


File photo (Collected) File photo (Collected)

Asian shares were mixed on Monday after trade talks between China and the US wrapped up with officials on both sides claiming progress and the US government reported a strong rebound in hiring in March.

Japan's benchmark Nikkei 225 index slipped 0.2 per cent to 21,762.19 and the Shanghai Composite index edged 0.1 per cent lower to 3,243.64.

South Korea's Kospi lost 0.1 per cent to 2,207.70, while Hong Kong's Hang Seng index added 0.3 per cent to 30,023.16. Shares rose in Taiwan but fell in Singapore and Indonesia, reports AP.

Wall Street closed out another solid week of gains Friday. The S&P 500 rose 0.5 per cent to 2,892.74. The Dow Jones Industrial Average gained 0.2 per cent to 26,424.99.

The Nasdaq composite climbed 0.6 per cent to 7,938.69, and the Russell 2000 index of smaller company stocks picked up 1.0 per cent to 1,582.56.

The strong jobs report has helped expectations for oil demand, and benchmark US crude rose 32 cents to $63.40 per barrel in electronic trading on the New York Mercantile Exchange.

It gained 1.6 per cent to settle at $63.08 a barrel on Friday. Brent crude, the international standard, picked up 33 cents to $70.67 per barrel. It added 1.4 per cent to close at $70.34 on Friday.

The dollar weakened to 111.35 Japanese yen from 111.73 yen while the euro rose to $1.1231 from $1.1217.

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