Asian shares rebounded on Tuesday as a day passed without a new escalation in th...
SYDNEY - Asian shares rebounded on Tuesday as a day passed without a new escalation in the Middle East and Wall Street erased early losses to end in the black as tech stocks climbed.
Brent crude futures stood at $68.91 a barrel, having been as high as $70.74 at one stage, while U.S. crude fell 32 cents to $62.95.MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.3%, after a 0.7% drop the previous session. Japan’s Nikkei edged up 0.5% and South Korea 0.6%.Shares had fallen sharply on Monday as Iran and the United States traded threats after an U.S. air strike killed a top Iranian commander.Instead there was much confusion when the U.
Surveys of service sectors out overnight showed some improvement in the United States, UK and EU, stirring speculation the closely-watched ISM measure of U.S. services due later Tuesday will also show strength.
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