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  • Sheryll Mericido

Asian shares rose on Monday, AP reports

Tokyo, August 28, 2023, The majority of Asian shares were up on Monday, according to the Associated Press. The benchmark Nikkei 225 index for Japan rose 1.8% to 32,195.91 during afternoon trading. Australia's S&P/ASX 200 increased 0.6% to 7,159.80 after statistics on retail sales revealed they increased by an amount greater than anticipated of 0.5%. The Kospi in South Korea increased 0.8% to 2,538.67. The Shanghai Composite increased 1.3% to 3,104.27, while the Hong Kong Hang Seng increased 1.3% to 18,182.87. Benchmark US crude increased 18 cents to $80.01 a barrel in the energy market. The benchmark crude, Brent, increased by 10 cents to $84.58 a barrel. The US dollar dropped in currency trading from 146.40 Japanese yen to 146.38 yen. The price of the euro rose from $1.0798 to $1.0819.

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