The Hindu Business Line : Most Asian majors trading higher

MUMBAI: Most Asian shares edged up on Thursday as investors continued to favour riskier assets on further signs that the global economy is picking up, while a weak dollar sent gold to another record high.

The dollar recovered some losses after hitting a 15-month low early on, but was still down 0.3 per cent against a basket of major currencies.

Its weakness encouraged a shift into gold which hit a record high for a second day, at $1,120.30 an ounce, while platinum rose to a record high above $1,376 an ounce.

Japan’s Nikkei 225 was up 0.42 points or 0.00 per cent at 9,872.10.

Australia’s S&P/Asx 200 was up 1.2 points or 0.03 per cent at 4,674.90.

New Zealand’s NZX 50 rose 17.08 points or 0.54 per cent to touch 3,178.62.

China’s Shanghai Composite gained 20.17 points or 0.64 per cent to 3,195.36.

Taiwan’s Taiex was up 28.39 points or 0.37 per cent at 7,696.45.

Hong Kong’s Hang Seng was down 51.17 points or 0.23 per cent at 22,576.04.

Singapore’s Straits Times fell 5.22 points or 0.19 per cent at 2,735.21.

South Korea’s Kospi was down 1.91 points or 0.12 per cent at 1,592.91. — Agencies

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