Asian shares extend gains ahead of tech earnings

Sydney, Apr. 23 (BNA): Asian shares extended gains on Tuesday, taking cues from Wall Street as investors’ focus shifts to earnings reports from U.S. tech giants in the week, while a still strong dollar pressured the Japanese yen to fresh 34-year lows. 

In Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.8%, helped by a 1.1% jump in Taiwanese shares (TWII) and a 1.8% surge in Hong Kong’s Hang Seng index.

 

Oil prices recovered some of the sharp losses overnight. Brent futures rose 0.4% to $87.34 a barrel, while U.S. crude gained 0.4% to $82.25 a barrel, Reuters reported.

 

Gold prices, however, lost 0.8% to $2,295.9 per ounce, after slumping 2.7% overnight as safe-haven bids continued to unwind.

H.H