Thursday, 28 March 2024

Asia Shares Mostly Lower

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Asian shares were mostly lower Tuesday following a national holiday in the U.S, while oil prices surged following an attack on an oil facility in the capital of the United Arab Emirates that killed at least three people, the Associated Press reported.

Benchmark U.S. crude rose $1.53, or 1.8%, to $85.35 a barrel in electronic trading on the New York Mercantile Exchange. It gained $1.70 to $83.82 per barrel on Monday.

Brent crude, the basis for pricing international oil, added $1.20 to $87.68 a barrel.

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Japan’s benchmark Nikkei 225 fell 0.3% to 28,257.25. Australia’s S&P/ASX 200 lost 0.1% to 7,408.80. South Korea’s Kospi dropped 0.9% to 2,864.24. Hong Kong’s Hang Seng slipped 0.6% to 24,061.46, while the Shanghai Composite rose 0.8% to 3,569.91.

In currency trading, the U.S. dollar rose to 114.88 Japanese yen from 114.62 yen. The euro cost $1.1397, down from $1.1410.

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