Asian shares shrug off Wall Street gloom, dollar steadies

Asian shares gained on Tuesday, shrugging off modest losses on Wall Street while expectations of a US interest rate increase this year continued to underpin the dollar.

MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.4 percent in early trading.

Korean shares rallied 1.4 percent on their first day of trading this month, on expectations continued tensions with Pyongyang would ease. Seoul markets were closed last week and on Monday for public holidays.

Japan’s Nikkei stock index was down 0.1 percent in early trade, as markets reopened after a public holiday on Monday.

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Posted in: Indian Market Tips