Asian stocks rise after listless Wall Street day

A currency trader talks near the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Tuesday, Feb. 12, 2019. Asian stocks rose Tuesday following a listless day on Wall Street as investors looked ahead to U.S.-Chinese trade talks. (AP Photo/Lee Jin-man)
The screen shows the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Tuesday, Feb. 12, 2019. (AP Photo/Lee Jin-man)
A currency trader watches the computer monitors near the screens showing the Korea Composite Stock Price Index (KOSPI), right, and the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Tuesday, Feb. 12, 2019. Asian stocks rose Tuesday following a listless day on Wall Street as investors looked ahead to U.S.-Chinese trade talks. (AP Photo/Lee Jin-man)

BEIJING — Asian stocks rose Tuesday following a listless day on Wall Street as investors looked ahead to U.S.-Chinese trade talks.

KEEPING SCORE: Tokyo's Nikkei 225 rose 2 percent to 20,745.28 and the Shanghai Composite Exchange added 0.3 percent to 2,661.89. Hong Kong's Hang Seng was 1.5 points higher at 28,122.41 and Seoul's Kospi gained 0.3 percent to 2,188.32. Sydney's S&P-ASX 200 advanced 0.2 percent to 6,073.60 and New Zealand, Taiwan and Malaysia also rose. Manila and Jakarta declined.

WALL STREET: Gains for industrial companies, banks and energy stocks outweighed losses elsewhere. Small-company stocks fared better as investors shifted focus away from the tail end of a strong corporate earnings season to U.S.-Chinese trade talks. The Dow Jones Industrial Average fell 0.2 percent to 25,053.11. The Standard & Poor's 500 index rose 0.1 percent to 2,709.80. The Nasdaq composite added 0.1 percent to 7,307.90.

U.S.-CHINA TALKS: Treasury Secretary Stephen Mnuchin leads a delegation to Beijing on Thursday for talks aimed at resolving a tariff war over American complaints about Chinese technology ambitions. The dispute threatens to chill global economic growth. The talks are the last scheduled high-level meeting before an agreement by both sides to suspend further punitive action against each other's goods expires March 1.

U.S. GOVERNMENT SHUTDOWN: Traders were watching negotiations in Washington aimed at averting another government shutdown. Democrats and the GOP disagree over how much to spend on President Donald Trump's promised border wall. A Friday midnight deadline is looming to prevent a second partial government shutdown.

ANALYST'S TAKE: "U.S. equities struggled to establish clear direction as concerns about progress of trade talk and U.S. government shutdown looms in the background," said Zhu Huani of Mizuho Bank in a report. "Investor sentiment remains cautious despite report suggesting that President Trump's advisers are discussing a potential summit with his Chinese counterpart Xi Jinping next month."

GLOBAL ECONOMY: Fears of a global slowdown were given additional fuel from a report showing Britain's economy had its slowest economic growth since the aftermath of the global financial crisis. Both Europe overall and China are contending with slower growth.

ENERGY: Benchmark U.S. crude gained 40 cents to $52.81 per barrel in electronic trading on the New York Mercantile Exchange. The contract lost 31 cents on Monday to close at $52.41. Brent crude, used to price international oils, rose 49 cents in London to $62.00. It shed 59 cents the previous session to $61.51.

CURRENCY: The dollar gained to 110.47 yen from Monday's 110.36 yen. The euro edged up to $1.1283 from $1.1279.

People also read these

Merkel appeals to Russia to enable Syria...

Sep 5, 2016

German Chancellor Angela Merkel is renewing an appeal to Russia to enable a cease-fire in Syria and...

Asian markets lower after Wall Street decline

Sep 15, 2016

Asian stock markets were mostly lower Thursday following Wall Street's decline in light trading...

Asian stocks rise after Wall Street gains

Dec 21, 2016

Asian stocks are higher after U.S. stocks rose to record levels despite attacks in Germany and...

Asian shares mixed as investors consider latest...

Jan 5, 2017

Asian stock indexes mixed as investors assess latest Fed meeting minutes; Japan shares slip as yen...

DEA opens shop in China to help fight synthetic...

Jan 6, 2017

The U.S. Drug Enforcement Administration plans to open a new office in southern China and, at...