TOKYO (AP) — Asian shares were mostly lower Tuesday, erasing initial gains. Tokyo's benchmark rose, cheered by gains on Wall Street.
KEEPING SCORE: Japan's benchmark Nikkei 225 added 0.8 percent to finish at 20,230.41. Australia's S&P/ASX 200 edged down 0.8 percent to 5,757.30. South Korea's Kospi was little changed, inching down less than 0.1 percent to 2,369.23. Hong Kong's Hang Seng fell 0.2 percent to 25,863.03, while the Shanghai Composite fell 0.2 percent to 3,137.65.
WALL STREET: The Standard & Poor's 500 index rose 20.31 points, or 0.8 percent, to 2,453.46 and surpassed its old record, set nearly a week ago, by half a percent. The Dow Jones industrial average added 144.71 points, or 0.7 percent, to 21,528.99, and the Nasdaq composite jumped 87.25, or 1.4 percent, to 6,239.01.
THE QUOTE: "The rally in U.S. markets reflects a situation where investors are being given no reason to sell. By the same token, valuations are full. Markets have been relatively capped, struggling to re-establish a strong uptrend," said Ric Spooner, chief market analyst at CMC Markets in Sydney.
CHINA WATCH: Investors are closely watching the MSCI decision on China A-share inclusion to indexes, expected later in the day. Speculation has been growing that MSCI might include Chinese shares to its benchmark.
CURRENCIES: The dollar rose to 111.55 yen from 111.12 late Monday in Asia. The euro fell to $1.1160 from $1.1194.
ENERGY: Benchmark U.S. crude added 1 cent to $44.44 a barrel. It fell 54 cents to $44.43 per barrel overnight. Brent crude, the international standard, rose 22 cents to $47.13 a barrel.
AP Business Writer Stan Choe contributed from New York.
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