Asian shares advance as Shanghai rebounds from early losses - News Summed Up

Asian shares advance as Shanghai rebounds from early losses


TOKYO - Shares advanced in Asia on Tuesday, led by a rally in Chinese shares. The Shanghai Composite index jumped 1.4% to 3,223.57 and the Hang Seng index in Hong Kong surged 0.7% to 30,008.17. Article Continued BelowMeanwhile China’s central bank, The People’s Bank of China, said it was adjusting its monetary policy to co-ordinate with government spending. The S&P 500 lost 0.1% to 2,905.58. The S&P 500 remains within 0.9% of its record following a torrid start to the year, after the Federal Reserve said it may not raise interest rates at all in 2019.


Source: thestar April 16, 2019 06:33 UTC



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