Business

Japanese shares resist negative US trend

Nikkei stock board Image copyright AFP

Asian shares mostly moved higher on Tuesday, managing to resist the negative trend set by Wall Street.

US stocks posted losses on Monday setting a weak cue for the Asian open.

However, Japan's Nikkei 225 index rose 0.7% to close at 16,764.97 while Australia's benchmark ASX 200 index closed 0.3% up at 5,552.50.

In China, the mainland Shanghai Composite ended 0.7% higher at 3,025.68 while Hong Kong's Hang Seng fell 0.1% to close at 22,465.61.

Data from China showed the consumer price index (CPI) rose 1.8% in July compared with a year earlier. The producer price index (PPI), which tracks prices at the wholesale level, fell 1.7%.

South Korea's benchmark Kospi index ended the day up 0.6% at 2,043.78

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