Asian shares rally as positive US close boosts confidence – BBC News

Asian shares opened higher on Tuesday, recovering from Monday’s losses, as Wall Street’s positive close boosts investor confidence.

US stocks ended three days of losses overnight as investors moved past concerns that the terrorists attacks in Paris could create instability for the global economy.

Energy shares were among the winners as the price of crude oil rebounded.

Japan’s benchmark Nikkei 225 index was up 1.3% to 19,641.67 on a weaker yen.

The US dollar was also stronger on the expectations of an interest rate increase by the Federal Reserve in December.

The dollar stood near a one-week high of 123.33 yen.

Australia’s S&P/ASX 200 index was up 1% to 5,056.50, while South Korea’s Kospi index was higher by 1.3% to 1,968.82 in early trade.

Source: Asian shares rally as positive US close boosts confidence – BBC News

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